Posted on: March 7th, 2017
Amongst the wide array of tools available in the English Courts for intended and actual claimants are what have been described as the law’s two nuclear weapons, freezing injunctions and search orders. Since the seminal case of Chabra, Courts have been willing to grant freezing orders not just against defendants, but against third parties against whom no claim is advanced but who appear to hold assets on behalf of the defendant. Yet in the quarter of a century since Chabra, and until very recently, no case seems to have tried to use the search order jurisdiction in a similar way.
Posted on: March 6th, 2017
PCB obtains first ever search order against a third party: see here for details
PCB Litigation has been retained to act for a major European State Bank in a multi $million asset recovery case involving several jurisdictions.
Posted on: February 3rd, 2017
PCB Litigation are advising on the recovery of $1billion African fraud
Steven Philippsohn has been included in The Thought Leaders section of the Who’s Who Legal website – see here
Posted on: January 18th, 2017
Today, EU Regulation No 655/2014 of 15 May 2014 (“the Regulation”) takes effect. It establishes a European Account Preservation Order (“EAPO”) procedure with the purpose of facilitating cross-border debt recovery in civil and commercial matters.
It is intended to operate as an alternative to domestic remedies, by allowing certain creditors in one participating Member State to freeze a debtor’s assets located in bank accounts in another participating Member State without first obtaining a court order within that state.
Applications can be made prior to commencing proceedings without notice to the debtor (as well as during proceedings and after judgment) and may give creditors the chance to obtain information about debtors’ bank accounts.
Posted on: January 13th, 2017
PCB Litigation have been retained by a European pension fund who are the alleged victim of a $multimillion investment fraud.
PCB Litigation have been retained by Middle Eastern clients in relation to a major insurance fraud.
Steven Philippsohn was quoted in The Times on “After last year’s dramas, what lies ahead?”
Mr Philippsohn was one of a number of leading lawyers asked by the Times to comment on what to expect in 2017, identifying regulatory compliance as ever more important: “2017 is likely to see increased corporate responsibility for prevention of financial crime.
Posted on: December 6th, 2016
PCB Litigation has been retained to act for the victims of a huge Ponzi scheme. Numerous jurisdictions are involved.
PCB Litigation is advising an Indian national on a pension fraud.
PCB Litigation is advising on a $500m multi jurisdictional Bank Fraud.
Steven Philippsohn will be addressing Shanghai and Beijing litigators later this week on international asset recovery strategies.
Posted on: November 28th, 2016
Last week, Russian Judgment debtor Andrey Chernyakov was forced to allow bailiffs to enter his London homes to search for and seize his assets. The Bank of Moscow had at the end of October obtained a £195m judgment against Mr Chernyakov. Mr Chernyakov had already been the subject of worldwide freezing orders. When the Bank sought to enforce by sending in the bailiffs, Mr Chernyakov refused them entry to his homes. Urgent relief was obtained within a matter of hours, permitting the bailiffs to use reasonable force to enter the homes that same day.
Posted on: November 7th, 2016
The recent judgment of Mr Justice Mann, sitting in the Chancery Division in the case of Mortgage Agency Services Number One Limited v Cripps Harries LLP  EWHC 2482, highlights the importance of instructing specialist lawyers such as PCB Litigation, who understand the components of – and know what is required to claim and establish – fraud.
The case involved the claimant, the lender, claiming damages for fraud and conspiracy against the defendant, the borrower’s solicitors. During the course of a seven day trial, the claimant’s counsel submitted that a solicitor and legal executive in the defendant firm had deliberately and falsely misled it into lending to the defendant’s client by dishonestly making several misrepresentations.
Posted on: November 3rd, 2016
We would like to thank our clients, referees, fellow professionals and others who have provided their support over the years in helping us top the rankings for civil fraud in both Chambers and Partners and The Legal 500. PCB received a Band 1 ranking for civil fraud in the UK in Chambers and Partners for the first time, while retaining its tier 1 position for civil fraud in London in The Legal 500.
According to Chambers and Partners, the firm assists “high-end clients including banks and corporations in getting to the bottom of sophisticated fraud scenarios.
Posted on: November 3rd, 2016
PCB Litigation has been ranked in the top tier of civil fraud firms in the UK, in which we are said to be known for assisting “high-end clients including banks and corporations in getting to the bottom of sophisticated fraud scenarios. Skilled at obtaining global interim relief and at dealing with jurisdictional issues that arise.” Steven Philippsohn, Anthony Riem and Trevor Mascarenhas are all ranked as leading individuals. Steven is described as “a great strategist” who “is completely driven and spares no effort.” Anthony is noted as “very energetic and active in pursuing his goals”.