We are acting for a foreign based company in a fraud and asset tracing claim against its former director an offshore company under his control. The claim relates to the alleged misappropriation of several million US dollars and involves the tracing of monies through Cyprus, Russia and Switzerland. A worldwide freezing injunction and disclosure order […]
Peters & Peters is conducting an internal investigation for a leading household name company arising from criminal and regulatory investigations into one of its major corporate customers. This includes advising on the potential liability of the client and its employees. The matter is one of multiple large-scale investigations in which the firm has been called […]
Corporate Crime analysis: Jasvinder Nakhwal, partner in business crime at Peters and Peters, with William Green, associate, and legal researcher Craig Hogg, explains the key proposals in the government’s draft codes of practice for extradition and transit cases, and anticipates a broadly positive response from practitioners. To view the full publication please click below. Extradition […]
On 21 October 2015, the Abu Dhabi Global Market (“ADGM”) officially opened for business. The ADGM is the latest international financial free zone to be established in the UAE and throughout the Persian Gulf. In common with similar initiatives in Dubai and Qatar, to encourage diversification of Abu Dhabi’s economy through foreign investment, the ADGM […]
By Final Notice dated 2 November 2015, the Dubai Financial Services Authority (the “DFSA”) imposed a $640,000 financial penalty on the Dubai International Financial Centre branch of the Dutch bank ABN AMRO (“ABN”, or the “Bank”), for failures in the Bank’s anti-money laundering (“AML”) systems and controls. The DFSA identified “widespread … contraventions”, which in […]
Peters & Peters is proud to have sponsored the Sergei Magnitsky Human Rights Awards, which took place on 16 November 2015 in honour of Russian anti-corruption lawyer Sergei Magnitsky, on the sixth anniversary of his death. The Awards were hosted by Hermitage Capital Management, a victim of ‘corporate raiding’ in the Russian Federation. Sergei Magnitsky, […]
Acted for a Saudi based company in proceedings brought against former employees for breaches of trust including the misappropriation of funds. The case involved complex international litigation including the co-ordination of disclosure orders in the BVI and associated criminal proceedings in Switzerland.
The firm represented Mr Snee, the former managing director of Franklin Hodge Industries. Nigel Snee pleaded guilty to an offence under the Enterprise Act 2002. The maximum sentence in respect of the cartel offence is five years’ imprisonment. However, on 14 September 2015, Mr Snee was sentenced to 6 months’ imprisonment, suspended for 12 months, […]
Peters & Peters acted for a London businessman of good character who had been charged with a serious sexual assault. The proceedings were discontinued on the basis of representations made to the Crown by Peters & Peters on his behalf.
Peters & Peters act for two British Virgin Islands companies, which were used as vehicles for a multi-million dollar investment in a Chinese Lottery project. The Claimants brought proceedings in the High Court against a former director and against an alleged shadow director for breach of fiduciary duty in failing to undertake adequate due diligence prior […]
