Fraud & Asset Recovery
Deals
- We acted as global counsel to the liquidators of the offshore structure used to launder the proceeds of this vast multi jurisdictional fraud where some USD$7.65 billion were stolen from Malaysia through the purported sovereign wealth fund 1MDB and its sister company SRC.
- We acted for the Federal Republic of Brazil, the Islamic Republic of Pakistan, and the Kenyan Ethics Anti-Corruption Commission.
- We acted for a group of retail investors who petitioned for the winding up of Atom Holdings, the parent company of the Atom Asset Exchange (“AAX”). Baker & Partners successfully obtained the appointment of joint provisional liquidators (“JPLs”) as well as sealing/gagging orders to allow to JPLs take immediate control of AAX and to prevent the further misappropriation of investors’ digital assets. Baker & Partners successfully obtained an order to wind up Atom Holdings and the appointment of joint official liquidators.
Baker & Partners currently act for a Middle Eastern bank in asset tracing efforts involving the use of disclosure, gagging and freezing orders to identify assets of a judgment debtor. Having frozen assets in excess of USD$20 million, the bank is now seeking to set aside transfers into trust as being in fraud of creditors.
- Stephen Baker advised on various asset recovery matters for the Government of the Federal Republic of Nigeria. In particular, devised the strategy which resulted in the recovery of approximately USD$1 billion which were proceeds of the corruption of former President Sani Abacha. Most recently this strategy saw the return of £241 million which had been held though offshore companies and financial institutions including banks.
Team Services
Our fraud and asset recovery litigators have substantial experience in bringing and defending major international fraud claims and asset recovery actions before the courts.
Based in Jersey, the BVI, Cayman Islands and London, our team are well versed in offshore multi-jurisdictional cases.
Client testimonials
Legal 500
'The team has great breadth and depth of knowledge and experience. They can handle matters at any level of complexity.'
Awards and Recognition
Chambers & Partners Global Litigation Support
Asset Tracing & Recovery (Law Firms): Band 3