Fraud and Asset Recovery

We are recognised as being at the top of the market for the most complex, high value and cross-border fraud matters.

We are highly experienced in investigating, initiating and defending claims involving fraud and recovering the proceeds of fraud in this jurisdiction and abroad. We move quickly to design practical and innovative strategies to enable clients to attain their objectives.

Our recent experience is reflective of the esteem in which we are held in the market.

Representative cases:
  • Defending a claim brought by PrivatBank, the largest bank in Ukraine, which Mr Bogolyubov and Mr Kolomoisky established and owned prior to its expropriation by the Ukrainian state. PrivatBank alleges that fraudulent related party loans of in excess of USD2 billion were made to companies associated with Mr Bogolyubov and/or his business associate, Mr Kolomoisky. Described by The Lawyer as one of its ‘Top 20 Cases of 2022’.
  • Acting for three banks in a dispute arising from the Mozambique Tuna Bonds scandal. The claims relate to bribery and corruption in relation to various syndicated loans to the Republic of Mozambique to a total value in excess of USD2 billion, the purpose of which included the acquisition of a state tuna fishing fleet and maritime security projects. The claim was described by The Lawyer as one of its ‘Top 20 Cases of 2023’.
  • Acting for four members of the Mints family defending a USD850 million fraud claim brought by two banks majority owned and controlled by the Central Bank of Russia in the English Commercial Court as well as related counterclaim and claim in relation to a Cayman trust. The claims are entirely governed by Russian law.
  • Acting for Gennadiy Bogolyubov in his successful defence of claims that he and Igor Kolomoisky unlawfully misappropriated in excess of USD300 million from PJSC Tatneft, one of Ukraine’s largest suppliers of crude oil, through a series of fraudulent sham share purchase and sale transactions. Enyo led Mr Bogolyubov’s successful defence of the claims, which were fully dismissed in February 2021.
  • Acting for five companies in liquidation and their liquidators in claims against Tradition Financial Services for their role in a missing trader intra community fraud involving carbon credits. Enyo represented the claimants at first instance and in the Court of Appeal, with permission to appeal from both sets of parties outstanding at the Supreme Court.
  • Acting as lead lawyers for the Libyan Investment Authority, the sovereign wealth fund of Libya, in its USD2.1 billion claim against Société Générale SA for rescission of a series of complex, financial derivative transactions. The claim related to an alleged fraudulent and corrupt scheme involving the use of intimidatory threats and the payment of bribes via an intermediary. Described by The Lawyer as one of its ‘Top 20 Cases of 2017’
  • Acting for a Kurdish oil refining company and its ultimate beneficial owner in English proceedings seeking a freezing injunction, tracing and civil recovery of assets following the commission of commercial fraud in connection with a proposed USD100 million financing facility.
  • Representing Rusnano Group in relation to fraud claims against a former employee in the English High Court as well as linked proceedings in several offshore jurisdictions in Europe and the Caribbean.
Feb 6, 2024
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