
UK
Trust Management
Sector:
Professional Advisers / Trust Management
Jurisdiction:
Isle of Man & England & Wales
Partners:
Graham Denny
We advised members of an Isle of Man legal practice and an associated trust management company on an insurance coverage dispute arising from a GBP20m internal fraud that encompassed breaches of trust, an SRA investigation, the Third Parties (Rights Against Insurers) Acts of 1930 and 2010 and the differences between the laws of England and Wales as compared with those of the Isle of Man.
The fraud concerned an employee misappropriating GBP20m over a 15 year period through teeming and lading, which concealed the fraud for many years. The relationship between the law firm and the trust management company was an issue as the fraudulent employee of one entity was a director of the other entity. The insurance claim was declined at the outset. We successfully advised and negotiated a settlement whereby the professional indemnity insurers accepted liability and the claim was indemnified in full.

China
Financial Services
Advising a fund and asset manager in Hong Kong in relation to insurance claims against an insurer...

Denmark
Oil & Gas
We advised the operator and joint owner of an offshore production platform on insurance...

Europe
Insurance
We acted for a former CFO of a global insurance company in relation to regulatory investigations undertaken...

Mexico
Oil & Gas
We advised a state-owned oil company in relation to a platform explosion in the Gulf of Mexico...

Saudi Arabia
Mining
We advised a multi-national chemical manufacturing company on USD100m of contingent business...

South America
Mining
We advised a multinational joint venture that was created to construct, develop and operate a large mining...

Switzerland
Financial Services / Commodities
This is a good example of the need to consider assets in the round when faced with a loss or claim...

UK
Insurance
We advised a number of insureds on Covid-19 business interruption insurance claims in the energy...

UK
Trusts Management
We advised members of an Isle of Man legal practice and an associated trust management company...

Ukraine
Marine
We advised an energy trading house on a Political Risk / CEND insurance claim in Ukraine...

USA
Petrochemical
We advised a global multi-national chemical company on a US$40m claim arising from a large plant...

USA
Property
We advised the world’s largest shopping mall owner on complex coverage issues on their insurance claims...

USA
Retail
We advised on the multi-million dollar sale of the US and UK assets of a company based in Chicago in...