News of the Pandora papers document leak has brought renewed attention to accusations of corruption, fraud and suspected money laundering against high net worth individuals who like to enjoy the opacity that offshore arrangements offer.
Whilst the leak of data is a stark reminder of why it is important to maintain high levels of security when handling data, the leak is of great assistance with tracing the assets of high net worth individuals who have set up complex offshore structures, to hold assets and to disguise ownership/interests in order to keep them away from “unwanted creditors”. Such creditors, often including the victims of fraud, are usually left trying hard to enforce judgments or claims only to hit the brick walls of offshore jurisdictions and nominee arrangements.
The Disputes and Investigation Team within FRP are highly experienced in tracing assets, assisting legal teams with forensic analysis of available records and where possible securing assets through UK insolvency processes for the benefit of creditors.
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