< Our Experience | Disputes | Contentious Insolvency

Claim against directors of failed business

Background

The administrators of a failed African energy company wished to bring a fraud claim for over $400m against its former directors. Over two years, Greyhawk’s investigation provided critical evidence and intelligence that was not available to the administrators through their special powers.

Investigation

A significant part of our work involved locating high-value assets, which the directors had not disclosed. We also gathered intelligence on third parties to inform the administrator’s decision-making on the viability of claims against those parties. We gathered public and non-public material from multiple jurisdictions including the BVI, the US, the UK and Nigeria. Much of this could quickly be converted into evidence for court. We employed a combination of advanced social media analysis, intelligence gathering in selected jurisdictions, US Freedom of Information requests and investigative research of public information sources.

Value

We identified over $50m of property and other personal assets belonging to the main defendants. We provided information on assets purchased in the names of children and other related parties. We obtained evidence of multiple undisclosed banking relationships.

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