Obtaining Marevas During Times Of Increased Fraud

Unique circumstances created by COVID-19 have broadened companies' exposure to employee and counter-party fraud.

Fraud risk has increased due to budgetary constraints, use of new supply chain partners, a compromised ability to deploy traditional compliance, relaxed due diligence, reduced oversight of employees in light of work from home, and pressures associated with bringing products to market.

However, our experience during the pandemic has been that courts across Canada remain ready, willing and able to consider urgent fraud-related relief, such as Mareva injunctions.

Urgent response to fraud during COVID-19

When indications of employee or counter-party fraud arise, rapid investigation and intervention are essential to identify and terminate wrongful conduct and resulting harm, gather and preserve vital evidence, and maintain the chances of meaningful recovery for loss.