Fraud and Corruption

Cooke, Young & Keidan’s lawyers have advised on substantial multi-jurisdictional and domestic commercial fraud claims. Areas of expertise include asset tracing, deceit, breach of fiduciary duty, misfeasance, conspiracy, breach of trust and the legal and regulatory implications of money-laundering, bribery and corruption. We act for both claimants and defendants and are experienced in managing and co-ordinating related proceedings in several jurisdictions. Our team is used to having to act without delay to protect our clients’ interests.

We act to obtain and challenge injunctions, including worldwide freezing injunctions and search orders. We have experience in acting successfully in cases involving breach of trust and cross-border asset tracing, as well as in “trust busting” litigation. Creative solutions for uncovering information and tracking money are sometimes required and employed. Our lawyers often work alongside foreign lawyers, forensic accountants and investigators to achieve the desired end result for our clients, who include leading corporate and financial services firms and high-net-worth individuals.

In the most recent edition of Legal 500, Cooke, Young & Keidan is listed as a “capable” boutique firm for Civil Fraud and the researchers acknowledged our role representing the Property Alliance Group in a £30million damages claim.

The directory recommended Marc Keidan, the “excellent” Philip Young and the “fantastic” Sinead O’Callaghan.

The department also featured in Chambers and Partners, being described as a “noted firm” with founding partner Philip Young included as a named individual.

Examples of some of the diverse cases on which our lawyers have worked include:

  • Acting in litigation brought by JSC BTA Bank, Kazakhstan, where the total alleged fraud exceeded $1.5 billion in value. The various sets of High Court proceedings, taken together, made this one of the largest civil fraud claims in the history of the English Court. The case was featured in “The Lawyer” magazine (3 January 2011) as one of the Top 20 Cases of 2011;
  • Acting successfully on high-profile fraud claims against major banks. See our banking litigation page for further details;
  • Acting swiftly to obtain an injunction against a firm of solicitors and their corporate client to prevent the misappropriation of a bearer bond of substantial value which had been deposited with that firm as security for a transaction;
  • Advising the court-appointed liquidators of a distributor of pharmaceutical products concerning the alleged fraudulent misappropriation of significant sums of money by former directors;
  • Defending a former director of a company in a substantial value claim brought by the liquidator, alleging misfeasance and breach of fiduciary duty;
  • Acting for the defendants in respect of substantial and complex fraud claims arising out of a commercial transaction, which involved dealing with freezing injunctions obtained against the defendants and the co-ordination of actions in various jurisdictions. The litigation also gave rise to an important Court of Appeal decision relating to the enforcement of English freezing orders in foreign jurisdictions.

We are also able to assist with fraud-related matters including:

  • Trade finance: non-existent goods and forged documents.
  • Commodities and shipping: false bills of lading, warehouse receipts and other documents; missing cargo.
  • Insurance: fraudulent claims and recovery of payments through deception.
  • Mergers and acquisitions: misrepresentation; false accounting; share frauds.
  • The HBOS Reading fraud scandal.