---
title: "Black Bear Ltd. — Ownership Dossier"
canonical: https://whiteintel.dev/entity/ac38fcd8-d25d-5635-9830-997aa67a76df
json: https://whiteintel.dev/api/public/dossier/ac38fcd8-d25d-5635-9830-997aa67a76df
identifier: icij:icijol-82006448
jurisdiction: BM
risk: High
source: WhiteIntel corporate-ownership graph
---

# Black Bear Ltd.

**Type:** Company  
**Jurisdiction:** BM  
**Identifier:** `icij:icijol-82006448`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/ac38fcd8-d25d-5635-9830-997aa67a76df  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/ac38fcd8-d25d-5635-9830-997aa67a76df  

## Ownership & control

### Owners / controllers

- **Hult - Bertil E** (shareholder of) — https://whiteintel.dev/entity/da40d878-9dd3-5e66-afe1-f43aeaaac095

### UBO chain (walk to the ultimate owner)

A **21-step** ownership/control chain to the ultimate beneficial owner is resolved for this entity. The full cited chain unlocks with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Exposure (derived from the ownership graph)

**7** owners upstream in this entity's ownership/control chain are flagged — a sanctions hit or a secrecy jurisdiction — an investigative lead by resolved identity, not a legal determination. The contributing parties and the hop-by-hop path unlock with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/82006448

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **Black Bear Ltd.**. Human view: https://whiteintel.dev/entity/ac38fcd8-d25d-5635-9830-997aa67a76df · Structured JSON: https://whiteintel.dev/api/public/dossier/ac38fcd8-d25d-5635-9830-997aa67a76df._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._