Privy Council confirms availability of backward tracing

“Happy is he who can trace effects to their causes”, Virgil observed. Well, victims of fraud will certainly be happy with the Privy Council’s decision in The Federal Republic of Brazil v Durant International Corporation (Jersey) [2015] UKPC 35. In an appeal from the Court of Appeal of Jersey, the Board confirmed the availability of … Read more

Herbert Smith Freehills fraud bulletin published

Our trusts, fraud and asset tracing group has published its bi-annual fraud update, which includes the following articles: Freezing injunctions: whose assets are covered? A view from Hong Kong: top court looks at attribution of knowledge of fraudulent acts by directors to a company Supreme Court corrects “wrong turn” in English law, holding that bribes received by an agent are held on … Read more