Civil Fraud

Civil Fraud is an ever-increasing problem. The Association of Certified Fraud Examiners (ACFE) estimates that US business alone loses around $68 Billion to fraud annually.

We work across the globe with both public and private businesses that have been defrauded or have received the proceeds of fraud, often unwittingly. We can also advise directors and employees caught up in these events.

The protection of a client after a fraud has been perpetrated against them requires an integrated and practical approach to the recovery of the lost assets, or their value. This may involve asserting so-called ‘tracing claims' to assets held by third parties, or negotiating additional or replacement compensation for the client.

'Withers LLP is "excellent from top to bottom", and is especially noted for its experience in global banking fraud matters and high-value multi-jurisdictional cases involving offshore structures.'

Legal 500 2013

Recent work

  • Acting for the Saudi Algosaibi Group in High Court proceedings arising out of a US$9.2 billion fraud in numerous banking litigation actions as well as obtaining injunctive relief against Mr Al Sanea and his Saad group in an attempt to recover the proceeds of the fraud.
  • Represented four of the defendants of Stolzenberg & Ors in a long-running action for fraud and tracing. In particular, we opposed an application for an order that one of Withers' clients be liable to pay third party costs in excess of £2m.
  • In Langbar International Limited v Rybak & Others, we represented all five of the Defendants participating in the trial which is ongoing at the High Court in London.

 

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