We advise on all aspects of international and domestic fraud, recovering funds and investigating and prosecuting fraud claims. If you have a question for our fraud and asset tracing team, please complete our online enquiry form or call 0044 (0)1534 620500.
Corporate fraud investigation
Our Jersey lawyers advise on all aspects of international and domestic fraud. We have acted for a number of clients, ranging from high net worth individuals to financial institutions, to recover misappropriated and misdirected funds and considerable experience investigating and prosecuting fraud claims, having been involved in the internationally renowned satellite litigation resulting from the collapse of Bank Credit and Commerce International (BCCI) in the 1990s and the Grupo Torras litigation. We have fostered close working relationships with specialist counsel, forensic accountants and investigators around the world to assist in this process.
We are experienced in obtaining freezing (Mareva) injunctions, disclosure orders, search and seizure (Anton Pillar) orders and passport seizures for local and international clients in proceedings brought in Jersey or in aid of foreign proceedings, whether in relation to proprietary or personal claims. As an example of our experience in the Mayo et al v Cantrade Private Bank (Switzerland) C.1. Limited et al litigation, the team successfully recovered US$38.5 million for our clients as well as convincing the Court to award:
- Compensation and wasted management time costs.
- The return of initial investments, including compound monthly interest.
- A complete indemnity in respect of our clients' legal costs.
We also act in cross-border litigation and in recent years have participated in a global asset tracing and freezing operation. This resulted in the location and freezing of assets in excess of Canadian $135 million.
Areas of expertise
- Asset tracing and recovery
- Corporate fraud investigation
- Cross-border litigation
- Fraud – international and domestic
- Fund recovery
- Prosecuting fraud claims
- Expert opinion on an alleged $500m fraud and misdirection of company assets.
Sinels were instructed by a leading London law firm to provide an expert opinion for the claimant as to the law on corporate governance in Jersey in respect of various issues in an arbitration to take place before Sir Gavin Lightman in London. The instruction related to the statutory and fiduciary duties placed on directors of a company incorporated in Jersey and the need for them to disclose personal interests which might conflict with the interests of their principal company, the exact nature and scope of their actual and ostensible authority and the ability of the company to ratify any breaches of such duties. The arbitration followed injunctive proceedings which locked down US$500m and involved allegations of fraud and misdirection of company assets which amounted to substantial claims and counterclaims.