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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 1, 2000
EURO TRADE & FORFAITING, INC.
(Exact name of Registrant as specified in its charter)
Utah
(State of Incorporation)
000-26031 87-0571580
(Commission File Number) (I.R.S. Employer Identification No.)
Suite 1620 - 400 Burrard Street, Vancouver,
British Columbia, Canada V6C 3A6
(Address of principal executive offices, including zip code)
(604) 683-5767
(Registrant's telephone number, including area code)
42 Brook Street, London, England, W1Y 1YB
(Former address, if changed since last report)
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ITEM 1. OTHER EVENTS.
Euro Trade & Forfaiting, Inc. has changed its principal executive
offices from 42 Brook Street, London, England to Suite 1620 - 400
Burrard Street, Vancouver, British Columbia, Canada, V6C 3A6.
In addition, Euro Trade has received a complaint filed against it in the
United States District Court for the District of Columbia on November
22, 2000 by Clarion Investment and Mortgage and Clifftown Holdings
International Inc. and others (collectively, "Clifftown") alleging,
among other things, that Euro Trade violated certain United States
federal securities laws and breached its duty to state certain material
facts or to correct certain material facts previously disclosed in its
public filings with the Securities and Exchange Commission (the
"Clifftown Action").
Euro Trade considers the Clifftown Action to be without merit and
intends to vigorously defend itself against Clifftown's allegations.
Euro Trade regards the Clifftown Action to be a response to the previous
action commenced by Euro Trade on November 3, 2000 in the United States
District Court, Southern District of New York, as amended, against its
former Chief Executive Officer, John Vowell, its former Chairman,
Chandra Sekar, its former Chief Financial Officer, Naren Desai, John W.
Duffell and others (collectively, the "Defendants"). In its action,
Euro Trade alleges, among other things, that the Defendants participated
in a wide-ranging fraudulent scheme to benefit themselves and their
associates at Euro Trade's expense. Euro Trade is seeking to recover
from the Defendants, among other things, actual and punitive damages, as
well as the return of certain shares issued to the Defendants as a
result of their fraudulent behaviour.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Registrant: EURO TRADE & FORFAITING, INC.
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By: /s/ Michael J. Smith
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Date: December 1, 2000
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