Successful representation of a major Japanese shipbuilding company in a multi-billion dollar malfeasance suit filed by the Government of Brazil for the alleged fraud/corruption involving the construction of a oil rig without a prior public bidding procedure.

• 

  Representation of the Government of Nigeria in the Abacha case in Switzerland, and lead law firm in the recovery efforts initiated in twelve jurisdictions through mutual assistance and criminal proceedings to recover public funds embezzled over five years by former dictator Sani Abacha and his family, estimated between US$ 3 to 5 billion. Approximately US$ 2 billion have been frozen and more than US$ 1 billion has been repatriated to Nigeria.

• 

  Acted for trustees in claim by the Republic of Pakistan against former prime minister Bhutto’s husband, Mr. Zardari. The Republic sought to obtain trust assets by compromising with the Liquidator of underlying companies.

• 

  Assisted a Florida law firm representing the government of a Caribbean Island nation with identifying principals and shell Panamanian corporations used to funnel funds from a bid rigging scandal related to an airport project.

• 

  Representation of the Government of Antigua and Barbuda in an ongoing civil investigation and civil claims in the United States, the Isle of Man, Switzerland and Bermuda, arising out of international fraud scheme used to siphon and launder government funds resulting from the repayment of a desalination plant financing by an arm of the Japanese government.

• 

  Representation of the Government of Trinidad and Tobago in the investigation and civil prosecution of civil RICO and other claims, including locating and recovering the proceeds of crime, in the United States, Switzerland, Liechtenstein, Bahamas, Panama and Trinidad, arising out of a sophisticated multi-jurisdictional bid rigging and public official bribery scheme. Over US$ 40 million in assets were recovered by either freeze orders, restitution or the invalidation of contracts procured through fraud.

Defended associated Canadian oil companies and their Jersey subsidiaries against a multi-million pound claim brought by the Jersey subsidiary of another Canadian oil company for damages and an accounting in relation to an Iranian oil transaction.

Assisted the Receivers of a liquidation trust to arrest a Cypriot registered vessel purchased with illegal funds within the context of an admiralty action requesting a declaration that the vessel was subject to a constructive trust for the benefit of the client and further requesting the rectification of the Ship Register to this effect.

• 

  Representation of a Federal District Court Receiver appointed in an SEC civil enforcement action in Texas involving an Internet-based fraudulent investment scheme which purportedly raised over US$ 100 million. Immediate action led to the freezing of accounts holding almost US$ 14 million. Forensic investigative efforts, both domestic and foreign, led to the recovery of additional monies, and the freezing of a further US$ 2.7 million in Luxembourg. Recoveries were also obtained from a parallel U.S. Government forfeiture proceeding, a proceeding commenced by Liechtenstein authorities, and an account uncovered in Luxembourg. As a result, the claims of over 1,400 victims have been paid in full.

• 

  Assisted Nova Scotia firm representing the court appointed Receiver of a failed Caribbean bank in successfully preventing the bank from transferring a registered Panamanian vessel in order to avoid payment of mortgage debt.

Representation of a financial institution incorporated in the Cayman Islands against a former director to trace and recover sums of approximately US$ 50 million dissipated throughout Eastern Europe by entering into a series of ultra vires and fraudulent commercial contracts. Parallel proceedings pursued in the Cayman Islands and in the United Kingdom.

• 

  Representation of Komercni banka in a US$ 250 million fraud involving BCL Trading GmbH involving 30 letters of credit issued by the bank at the request of BCL relating to purported sales of large quantities of agricultural products from Russia and the Ukraine. The bank believed that there were no genuine sales of produce in Russian warehouses; the invoices and warrant lists were a sham; and that certain individuals acted as BCL's accomplice in a scheme designed to defraud the Bank. Komercni banka won on every count and was awarded the full amount of its claim, which exceeded US$ 100 million. FraudNet members representing an offshore regulator successfully pursued the winding up of 7 linked offshore companies.

• 

  Acted for the Depositors Compensation Scheme managers in the regulators scheme for depositor protection arising from the Bank of Credit and Commerce International (BCCI), a major international bank founded in 1972, which operated in 78 countries, had over 400 branches, and claimed assets of US$ 25 billion and which became the focus of the world's worst financial scandal and a "$20-billion-plus heist" (Beaty & Gwynne 1993).

• 

  Represented the joint liquidators in a 23 year liquidation arising from a major bank collapse, including fraud investigations arising therefrom. Developed an innovative scheme to repatriate unclaimed dividends to existing claimants.

• 

  Representation of defendants implicated in several high profile financial debacles including Banco Ambrosiano, Parmalat and Cirio, and in delicate investigations concerning allegations of bribery, corporate or financial crimes.

• 

  Assisted a financial institution in international and regulatory efforts to combat cyber fraud through the use of copycat and look alike websites, which resulted in the successful termination of the fraudulent websites.

• 

  Representation of Liquidator of Barbados bank subsidiary of a Guatemalan bank and the Guatemalan Bank Supervisory Agency in the largest bank failure in Guatemalan history, including filing the first ever Chapter 15 Bankruptcy case in the State of Florida, the tracing and recovery of assets in various jurisdictions including the United States, Grand Cayman, Barbados and Guatemala. Over US$ 50 million in assets recovered thus far in U.S. Bankruptcy Court Refco Bankruptcy and in other accounts located in the United States.

Represented Finnish corporations in matters regarding alleged violation of securities legislation by their directors and/or employees.

• 

  Represented the Finnish and Swedish subsidiaries of International Paper in a landmark criminal and civil case (both in terms of precedent and the monetary interest at stake) concerning unlawful disclosure of business secrets by certain individuals and entities.

• 

  Representation of victims of a multi-million dollar Italian fraud in bringing claims for breach of fiduciary duty against UK solicitors and in advising in relation to parallel criminal proceedings in Italy.

• 

  Representation of a Cypriot company in bringing fraud claims in various European and Caribbean jurisdictions relating to the control of a US$ 1 billion telecommunications company.

• 

  Representation of a Dutch and Swiss client in the main fraud proceedings pending in Spain involving a several million Euro fraud and a hundred thousand victims.

• 

  Acted against a company related to Forum Filatélico, which purchased but did not pay for stamps amounting to €3,790,013. Simultaneously to fraud criminal proceedings, a debt claim was filed against this company, and as a precautionary measure, assets of the company were seized. Successfully attached the debtor's bank accounts in Spain, and a search for further assets is ongoing.

• 

  Represented international stamp traders who provided stamps to a company related to two high profile Spanish entities which defrauded at least two hundred thousand victims because (i) they did not have all the stamps they had supposedly purchased for their clients; (ii) the value of the stamps was grossly overestimated. The Spanish companies are being investigated by Spanish authorities and have been declared insolvent, with claims exceeding several thousand million euros and assets of approximately 10% of such claims. Both companies have been accused before Spanish Courts of fraud, and the Audiencia Nacional is now investigating the case.

• 

  Representation of a number of linked parent and subsidiary companies incorporated in the Cayman Islands and the directors of those companies accused of fraudulent dealings and dissipation of company assets valued at over US$ 200 million. The matter spanned a period of eight years and involved allegations of fraudulent share issuance and misappropriation of company assets. Civil and criminal proceedings brought in the United States cited dealings in South America, Central America, the United States and the Cayman Islands.