Fraud can have a devastating impact on any business.
The economic downturn caused by the ongoing pandemic and the large-scale business disruption being exploited by fraudsters has led to economic forecasters predicting a huge increase in the incidence of fraud. The consequences of this surge could be felt for the next decade.
Business entities and individuals alike can find themselves facing serious consequences having fallen victim to a spectrum of dishonest actions by third parties, whereby there is no alternative but to pursue others, such as employees, directors, suppliers or professional advisers to recover property, seek damages or protect its reputation.
We can help you with any of these scenarios. Our thoughtful and caring approach means you can be confident in our understanding and expertise in pursuing and defending complex and large scale civil fraud actions across multiple jurisdictions, as well as carrying out investigations where you suspect you may have been the victim of wrongdoing.
Fraud cases are likely to involve freezing orders, injunctions and search orders. We can help you obtain and resist the emergency relief required. We can also advise you on internal risk management policies and procedures that can be put in place to help protect against dishonest business practices.
Our team has a proven track record in carrying out asset tracing, particularly in the context of complex global financial structures and trust arrangements. We can assemble and manage specialised international teams at very short notice, using our established network of foreign advisers, including forensic accounting and IT specialists.
If you have been impacted by fraud and would like to talk to our team about how we can help, please do not hesitate to get in touch.
- Successfully represented the liquidators of six defendant companies in the SAAD fraud trial, the Cayman Islands’ longest ever trial and one of the largest fraud trials ever litigated worldwide (the Ponzi scheme generated approximately $330bn), with multi-billions of US dollars in damages claimed.
- Successfully secured an offshore freezing injunction under the Chabra jurisdiction (believed to be the first of its kind in that jurisdiction) on behalf of a private individual. The assets of a purportedly ultra-high net worth individual were frozen in support of claims that the individual was allegedly involved in the misappropriation of assets to defraud creditors.
- Conducting a complicated investigation into a fraud committed against a high profile data centre entrepreneur, including tracing assets purchased with his monies, obtaining freezing injunctions over those monies and representing the individual on large scale and complex Commercial Court proceedings brought by the Serious Fraud Office and related LCIA arbitration proceedings.
- Conducting an investigation, jointly with Kroll, into an $800 million fraud allegedly committed by a previous board of directors against Kabul bank.
- Assisting with Swiss criminal investigations into securities fraud and breach of trust offences, including dealing with mutual legal assistance requests.
- Acting successfully for Gulf Air, state owned airline of Bahrain, in respect of a multi-million dollar fraud perpetrated by former employees in relation to the improper award of an inflight entertainment.
Meet the team
International Partner (England & Wales and British Virgin Islands)
Corporate Restructuring & Insolvency, Dispute Resolution
Olivia Crane quoted by SoGlos on the increasing issue of cyber fraud being faced by businesses in Gloucestershire
Cyber fraud has cost Gloucestershire businesses around £369,800 in the last 13 months.
Weighing in on the importance of attention to detail in service cases
Rory looks at recent judgments that have emphasised the need to follow correct procedure when serving documents in court cases
The art of alternative investment scams
Tim and Jil look at the risks of investing in art
Obtaining documents in the US for proceedings in the UK
Stewart and Simon look at the three potential routes for obtaining documents from third parties located in the US
Stewart Hey and Simon Heatley write for ThoughtLeaders4 FIRE on obtaining documents in the US for proceedings in England
In KBR, Inc, R v Director of the Serious Fraud Office, the Supreme Court limited the extraterritorial effects of the SFO's powers.
Damages-based agreements: an island of clarity in changing seas
Simon, Joe and Lauren look at a recent judgment which is a welcome island of clarity in the damages-based agreement sea of uncertainty.
Rhys Novak quoted by Citywealth on the ways companies can combat potential issues of fraud
Is fraud on the rise and should investors be wary?
Bribery & Corruption team successfully act in Italian bribery prosecution
Warranties on an indemnity basis: a question of damages
John and Simon take an in-depth look at warranties on an indemnity basis
Disclosure and documents referenced in expert reports: a level playing field?
Sonia looks at the impact of the recent High Court decision in Zverev v Ace Group International Ltd
Companies failing to prevent economic crime? Is a new dawn coming?
Durra Al Ali
“Subject to contract” wording in settlement negotiations: a label that sticks
Durra looks at the term “subject to contract” and how it was put to the test in Joanne Properties Ltd v Moneything Capital Ltd and another.
Safeguarding search orders and the role of public interest: lessons to be learned from recent case law
Caroline looks at lessons to be learned from the recent decision in Calor Gas Ltd v Chorley Bottle Gas Ltd and others
Unexplained Wealth Orders - £10million seized from "cleanskin"
Furlough - the future of fraud?
French reform on provisional enforcement by Law and why it matters to civil and commercial disputes strategy in France
Simone looks at the French reform on provisional enforcement by Law and why it matters to civil and commercial disputes strategy in France.
COVID-19: security for costs in an economic downturn
Caroline looks at a recent case where a party seeks to use COVID-19's economic consequences to support their security for costs application.
Investigations: Fraud in the time of pandemic
Many business have experienced massive disruption recently, Charlotte Pender, Stewart Hey and Caroline Greenwell discuss the impact.
Claiming privilege in investigations: whose decision is it?
Abigail looks at the recent decision of A v B and another
Novel use of tracing endorsed by High Court
Heidi looks at a novel use of tracing principles to determine the ownership of a fund of bonds.