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ICC FraudNet

Global 2022
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About

Provided by ICC FraudNet
Global

Chairman: Kate McMahon (United Kingdom) and Rodrigo Callejas (Guatemala)

Number of member firms: 87 members from 79 jurisdictions

Languages: Afrikaans, Arabic, Bulgarian, Czech, Chinese, Danish, Dutch, English, Efik, Filipino, Flemish, French, Gaelic, German, Greek, Hausa, Hebrew, Hindi, Hungarian, Italian, Ibo, Japanese, Latvian, Maltese, Norwegian, Polish, Portuguese, Romanian, Russian, Serbian, Spanish, Swahili, Swedish, Thai, Ukrainian, Urdu, Yoruba

Network Overview:

ICC FraudNet is an international network of independent lawyers who are leading anti-fraud/asset recovery specialists. Founded in 2004 by the International Chamber of Commerce (ICC), FraudNet operates under the auspices of the ICC’s Commercial Crime Services. With 87 members in 79 jurisdictions and growing, its membership extends to every continent and the world’s major economies, as well as leading offshore wealth havens with complex bank secrecy laws and institutions, where the proceeds of fraud are often hidden.

In 2021 ICC FraudNet introduced two additional classes of membership, FraudNetEmeritus andFraudNet Future.FraudNet Emeritus has been designed to enable FraudNet members who have retired from legal practice to continue to be a part of the network and share their wisdom. FraudNet Future has been created to extend membership of the network to young, under 45, dynamic legal practitioners who focus on fraud and asset recovery issues.Candidates can be recommended by existing members or may apply independently for admission to the network.

ICC FraudNet members are specialists immersed in cutting-edge fraud and recovery jurisprudence and legislation. While the home-country member usually serves as the client entry point, each matter receives the attention of a multi-jurisdictional team of specialists who have a track record of working together in transnational recovery efforts. This prior work experience allows for the rapid creation of a matter-specific team that designs and implements a global recovery strategy. Typical cases incorporate state-of-the-art forensics to model the suspected fraud. Such forensics provide the basis for coordinated, specialised court-supervised disclosure and investigative orders that enable victims to trace and freeze the proceeds of fraud wherever they are held. Depending on the circumstances of any particular case and the jurisdictions involved, the ICC FraudNet team often pursues a combination of civil and criminal proceedings.

Working as a rapid deployment force to quickly identify misappropriated assets and prevent their transfer or dissipation, ICC FraudNet has recovered billions of dollars for victims of some of the world’s largest and most sophisticated frauds. ICC FraudNet members regularly act for government agencies and regulators in effecting domestic and international recovery for victims. Leaving no stone unturned in maximising victims’ recovery, ICC FraudNet members also pursue recoveries against financial institutions, professional advisors and other intermediaries who facilitated or enabled the fraud or corruption.

Main Areas of Practice:

Grand Corruption:

ICC FraudNet members frequently represent sovereign governments in recovering assets misappropriated through corruption, embezzlement and fraud. For example, ICC FraudNet members represented Trinidad & Tobago in the Piarco Airport corruption case in multiple jurisdictions and continue to represent the country’s government in an ongoing corruption case involving a state-owned enterprise. Additionally, ICC FraudNet members represented the Republic of Nigeria in the Abacha cases, with more than US$1.3 billion recovered in Switzerland, Luxembourg, Jersey and Liechtenstein.

Asset Tracing & Recovery:

This specialised core competency for all ICC FraudNet members includes the design and implementation of multi-jurisdictional recovery plans based on state-of-the-art forensics and intimate knowledge of the civil and criminal remedies available in diverse legal systems around the world. Proceeds are traced and recovered from accounts and trusts and other financial vehicles, as well as real property, on behalf of a wide range of clients, including companies defrauded by their own executives or subsidiaries. This also includes the collection of significant judgments where judgment debtors seek to secrete assets beyond the reach of judgment creditors.

Ponzi Schemes:

In pursuing recovery for Ponzi scheme victims, ICC FraudNet members have represented Chapter 11 trustees for a looted investment firm (and its 26 debtor affiliates) concurrent with representing the firm’s US Securities & Exchange Commission (SEC)-appointed Receiver. ICC FraudNet members work seamlessly across jurisdictions on some of the largest international cases. This includes advising the Antiguan liquidators of Stanford International Bank, the commercial bank operated by R. Allen Stanford, as the instrument of an $5.5 billion international Ponzi scheme — the second largest in history. Additionally, members currently represent a Chilean liquidator in cross-border insolvency proceedings stemming from Chile’s largest Ponzi scheme and involving the United States, United Kingdom, Switzerland, the Isle of Man and Australia, among other jurisdictions.

Bankruptcy, Insolvency & Receivership:

Many ICC FraudNet members are recognised bankruptcy and insolvency practitioners who routinely access insolvency regimes around the world. They represent creditors, creditors’ committees and estate fiduciaries, such as trustees in bankruptcy and court-appointed receivers, in the pursuit and recovery of the proceeds of fraud. ICC FraudNet members recently pursued assets shielded in shell companies incorporated in multiple offshore wealth havens on behalf of the Receiver for a German GmbH that had perpetrated major investment fraud.

Complex Commercial Fraud:

All ICC FraudNet members are recognised specialists and routinely engage in representing victims of complex commercial frauds. For example, ICC FraudNet members represented the Hong Kong office of a major international accountancy firm in litigation over the use of offshore trusts.


Jurisdictions/ICC FraudNet Member and Firm:

Andorra: Miguel Cases, Cases Lacambra

Antigua & Barbuda: Nicolette M. Doherty

Argentina: Justo Lo Prete, Estudio Durrieu Abogados

Argentina: Guillermo Jorge Bruchou & Funes de Rioja

Aruba, St Maarten, Curacao, Bonaire: Karel Frielink, BZSE Attorneys at Law

Australia: John Mitchell, Arnold Bloch Leibler

Austria: Bettina Knotzl, KNOETZL

Bahamas: Peter D. Maynard Counsel & Attorneys

Barbados: Chancery Chambers, Attorneys at Law

Belgium: LMBD Business Law Firm

Belize: Balderamos Arthurs LLP

Brazil: Costa Passarella & Accioly Advogados Associados; Duarte Forssell Sociedade de Advogados

British Virgin Islands: Martin Kenney & Co Solicitors

Bulgaria: Djingov, Gouginski, Kyutchukov & Velichkov

Canada: Rose LLP; Davies Ward Phillips & Vineberg; Clark Wilson

Cayman Islands: Walkers Global

Chile: Rivadeneira Colombara Zegers; Lathrop Blanco Goldbaum Abogados

Colombia: Asteri Law Firm

Costa Rica: Pignataro Abogados

Cyprus: Elias Neocleous & Co. LLC

Denmark: Lundgrens Law Firm

Dominican Republic: Prieto, Cabrera & Asociados

Ecuador: Paz Horowitz

Egypt: Rizkana and Partners

Estonia: Magnusson

France: Archipel Law

Germany: Kanzlei Bernd Klose

Ghana: Robert Smith Law Group

Gibraltar: Triay Lawyers

Greece: Anagnostopoulos

Guatemala: Carrillo Y Asociados

Guernsey: Carey Olsen

Hong Kong: Tanner De Witt Solicitors

Hungary: Forgó, Damjanovic & Partners

India: Aarna Law

Ireland: Arthur Cox

Isle of Man: Callin Wild

Italy: Advant NCTM

Japan: Anderson Mori & Tomotsune

Jersey: Baker & Partners

Kenya: JMiles & Co

Lebanon: ASAS Law

Liechtenstein: Lampert & Partners

Luxembourg: Etude Max Mailliet (E2M)

Malaysia: Lim Chee Wee Partnership

Malta: Camilleri Preziosi

Mauritius: Geroudis

Mexico: Basham, Ringe y Correa, S.C.

Monaco: Donald Manasse Law Offices

Netherlands: Florent

Nigeria: Sofunde, Osakwe, Ogundipe & Belgore

Norway: Kvale

Pakistan: M Awan Law

Panama: MDU Legal

Peru: Rebaza, Alcázar & De Las Casas

Philippines: Angara Abello Concepcion Regala & Cruz (ACCRALAW)

Poland: KW Kruk & Partners

Portugal: Gómez-Acebo & Pombo

Romania: bpv GRIGORESCU ȘTEFANICA

Russia: Ivanyan & Partners

Saudi Arabia: Al Fahad & Partners

Serbia: ŠunjkaLaw

Singapore: Rajah & Tann LLP

South Africa: Primerio Law Inc.

Spain: Ecija Abogados

Sweden: Madsen Law Firm

Switzerland: Baldi & Caratsch; Monfrini Bitton Klein

Turkey: Ozgun Law

Thailand: Tilleke & Gibbins International Ltd.

United Arab Emirates: Hadef & Partners

United Kingdom: Gowling WLG; Edmonds Marshall McMahon; PCB Litigation; Asserson

Uruguay: Hughes & Hughes

USA: Sequor Law (Florida); Redmond Law Firm LLC (Kansas); Winstead PC; Kellner Herlihy Getty & Friedman LLP (New York); Law Offices of Michael Jason Lee APLC (California); Lewis Baach Kaufmann Middlemiss PLLC (Washington)

Venezuela: Brando & Asociados

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ICC FraudNet rankings

Global Guide 2022
Global: Multi-Jurisdictional
Fraud
1 Department
Department
Fraud
1
Fraud
1
Band 1