Fraud investigations

A pair of Cayman liquidators overseeing the winding up of a Kuwaiti family’s investment vehicle are seeking recognition in the US to take discovery from multiple parties including US law firms and international banks, who they believe might shed light on tens of millions of dollars transferred out of the group several years ago.

13 October 2021

After finding a banker with an “international lifestyle” had his centre of main interests in Ukraine when he initiated insolvency proceedings there in 2019, an English court has granted recognition to the trustee of his estate and made a separate bankruptcy order against him in the UK.

29 September 2021

The Grand Court of the Cayman Islands has asked a counterpart in Hong Kong to recognise a pair of “full power” joint provisional liquidators from R&H Restructuring, as they investigate a fraud admitted by a Chinese car parts trader’s CEO.

20 September 2021

Maples and Calder has hired a new British Virgin Islands partner with experience advising on the cross-border restructurings of China’s Luckin Coffee and Brazilian oil group Constellation.

15 September 2021

The Czech trustee of a bankrupt real estate manager who fled to the US last year has sought Chapter 15 recognition to block litigation launched against him in Florida.

13 September 2021

Saudi Arabia’s new bankruptcy law has been praised after Ahmad Hamad Algosaibi & Brothers (AHAB) finally reached a US$7.5 billion settlement with creditors following 12 years of legal disputes around the world.

09 September 2021

Canadian law firm Cassels Brock & Blackwell has hired the chair of Norton Rose’s Toronto litigation group, Alan Merskey, who has credits on the Nortel Networks and Sears bankruptcies.

20 August 2021

Withers has hired the former co-head of White & Case’s banking and restructuring practice in Asia, while Singaporean firm Oon & Bazul has announced a new restructuring co-head of its own.

18 August 2021

The former CEO of bankrupt fund manager Highland Capital Management has accused Alvarez & Marsal of improperly selling claims held by several of its creditors.

12 August 2021

The trustee of an American-born fugitive who allegedly orchestrated a “complex and massive cross-border fraud” has sought recognition of his Israeli insolvency proceedings in New York.

04 August 2021