Professional Advisers / Trust Management
Isle of Man & England & Wales
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.
Advising a fund and asset manager in Hong Kong in relation to insurance claims against an insurer...
Oil & Gas
We advised the operator and joint owner of an offshore production platform on insurance...
We acted for a former CFO of a global insurance company in relation to regulatory investigations undertaken...
Oil & Gas
We advised a state-owned oil company in relation to a platform explosion in the Gulf of Mexico...
We advised a multi-national chemical manufacturing company on USD100m of contingent business...
We advised a multinational joint venture that was created to construct, develop and operate a large mining...
Financial Services / Commodities
This is a good example of the need to consider assets in the round when faced with a loss or claim...
We advised a number of insureds on Covid-19 business interruption insurance claims in the energy...
We advised members of an Isle of Man legal practice and an associated trust management company...
We advised an energy trading house on a Political Risk / CEND insurance claim in Ukraine...
We advised a global multi-national chemical company on a US$40m claim arising from a large plant...
We advised the world’s largest shopping mall owner on complex coverage issues on their insurance claims...
We advised on the multi-million dollar sale of the US and UK assets of a company based in Chicago in...