Cross-Border Issues and Insolvency Litigation
Our lawyers have extensive experience working on cross-border insolvency litigation on behalf of foreign liquidators in pursuing third-party claims against professionals and insiders who have defrauded their clients. We have worked on cases with parallel proceedings in the Cayman Islands, Bermuda, Italy, the United Kingdom, Uruguay and Argentina. Through our membership in INSOL and our work in cross-border cases over the years, we have developed an international network and working relationship with lawyers, liquidators, accountants, and experts in this area.
Just recently, we served as experts on U.S. insolvency law in the SPhinX proceedings in the Cayman Islands. Over the years, our lawyers have been involved in some of the most notorious cross-border frauds of the past decade, including Enron/LJM2, Parmalat, Refco/SPhinX, Trade & Commerce Bank, and InverWorld. We have an appreciation and understanding of the comparative law issues that arise in cross-border litigation, and we know how to work up and plead these cases to avoid the many pitfalls. We also know how to follow the money when it crosses over many foreign borders, which is often the case in large financial frauds.
On the domestic front, we have extensive experience representing bankruptcy trustees, plan administrators, liquidating trustees, and creditor committees in the pursuit of bankruptcy related litigation. We have successfully prosecuted third-party claims for breach of fiduciary duty and professional malpractice as well as fraudulent transfers on behalf of various constituents.
Prior results do not guarantee a similar outcome.