In some cases, insolvency is simply one of the consequences of fraudulent activity. In other cases, we engineer the use of the “insolvency toolkit” to help with investigations into frauds.
The “toolkit” includes extensive rights to call for documents; to compel parties to attend for interview; the right to bring transaction avoidance actions; asset preservation; and asset recovery. Either way, stakeholders looking to maximise recoveries will need access to first class insolvency lawyers who understand fraud. This is why the IFG Insolvency division has been set up. All the members in our global network, are insolvency lawyers with expertise in fraud, cross border jurisdictional issues and asset recovery. Our shared expertise and global reach allow us to coordinate strategies with a view to maximising recoveries.
Co-Chairs: David Leibowitz, Mishcon de Reya LLP, Elena López Sánchez, IUS & Aequitas Trial Lawyers and Prateek Kumar, Khaitan & Co