Asset recovery

Offshore law firm Walkers has persuaded a Cayman court not to split a professional liability claim it is facing from a group of former clients into two separate trials, with the judge accepting that the credibility of some of the plaintiffs was “squarely in issue”.

11 May 2021

Liquidators of the Stanford International Bank Ponzi scheme will neither be able to bring a dishonest assistance claim, nor a Quincecare damages claim against HSBC for money it paid out to creditors before the scheme was wound-up, after a double success on appeal for the Hong Kong and Shanghai bank.

15 April 2021

The Israeli trustee of a property investor once rumoured to be Israel’s largest private bankrupt has persuaded an English court to transfer him the rights to a UK company believed to be at the top of a structure intended to hide German assets – though no assets have been identified as yet, even by private investigators.

08 April 2021

Featured in Heads-Up

“Many people are going to be sympathetic to the plight of those forced into potential insolvency by the pandemic, but the reality is there'll be lots of restructurings.” Simon Bushell, co-founding partner at Seladore Legal in London, discusses his career as a disputes lawyer specialising in cross-border fraud and asset recovery – and his recent use of cross-border insolvency tools with the aim of helping a Russian bankruptcy trustee realise assets across Europe.

05 March 2021

Once foreign bankruptcy proceedings have been recognised, the English courts lack “small j jurisdiction” to continue a pre-recognition freezing injunction against the debtor, counsel to a bankrupt Russian businessman argued this week – ahead of a new recognition hearing in the Isle of Man.

19 February 2021

UK-headquartered Quantuma has acquired a Cayman Islands-based advisory firm recently founded by asset recovery specialist Angela Barkhouse, stating it wants to replicate its past success expanding internationally in Cyprus and Mauritius.

07 January 2021

In the first reported judgment of its kind in Southeast Asia, a Malaysian court has granted a Mareva injunction to help a German chemical company recover funds from an unknown international fraudster.

06 January 2021

Offshore law firm Campbells has hired Shaun Folpp from Mourant to take over the management of its Hong Kong office.

21 August 2020

The Supreme Court of Grenada has declined to strike out a winding-up petition brought against a local property developer after finding minor procedural breaches of UK law did not warrant “draconian action”.

23 July 2020