---
title: "SHAD CAPITAL LIMITED — Ownership Dossier"
canonical: https://whiteintel.dev/entity/dfd46f04-5e56-5085-8ce7-8ccb8c8f99c8
json: https://whiteintel.dev/api/public/dossier/dfd46f04-5e56-5085-8ce7-8ccb8c8f99c8
identifier: icij:icijol-55062033
jurisdiction: MT
risk: High
source: WhiteIntel corporate-ownership graph
---

# SHAD CAPITAL LIMITED

**Type:** Company  
**Jurisdiction:** MT  
**Identifier:** `icij:icijol-55062033`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/dfd46f04-5e56-5085-8ce7-8ccb8c8f99c8  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/dfd46f04-5e56-5085-8ce7-8ccb8c8f99c8  

## Ownership & control

### Owners / controllers

- **SHAD MANAGEMENT LIMITED** (shareholder of) — https://whiteintel.dev/entity/c8713e68-f4f3-5c17-91c8-0da11fb4996e
- **LAXEY MANAGEMENT LIMITED** (shareholder of) — https://whiteintel.dev/entity/e762ebfd-d5a7-502a-ab38-3431c54c159f

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

A **6-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)

**4** 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/55062033

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **SHAD CAPITAL LIMITED**. Human view: https://whiteintel.dev/entity/dfd46f04-5e56-5085-8ce7-8ccb8c8f99c8 · Structured JSON: https://whiteintel.dev/api/public/dossier/dfd46f04-5e56-5085-8ce7-8ccb8c8f99c8._

_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"._