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Financial Services Fraud/Dishonesty Insolvency

Liquidator vs. Global Bank

The Case

Therium has funded several claims brought by liquidators of companies against a financial institution arising out of carbon-credit fraud in which the companies, their former directors, and the financial institution, were involved. 

Why It’s Significant

The companies had insufficient assets to fund the liquidators’ claims, so litigation funding, coupled with a variety of contingency-fee arrangements with the professional team, enabled the claims to proceed.  The case centred on dishonesty and accessory liability and was therefore evidentially complex. 

Therium’s Solution

The primary claims settled successfully, disclosure providing further claims to be made against further parties involved in the underlying transactions.

Specialism

Insolvency / Fraud

Sector

Financial Services

Case Studies