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Jon Felce’s and Rachel Turner’s article published in the Asset Recovery Magazine

Sep 2019
PCB news
Jon Felce’s and Rachel Turner’s article on Tools for Cross-Border Enforcement of Judgments was published in the Asset Recovery Magazine see the extracted article, here Read More

Contractual disputes settled by PCB Litigation

Sep 2019
PCB news
PCB Litigation has settled a contractual dispute on behalf of a client in relation to the price under a supply agreement. Read More

PCB Litigation successfully acts for KMG International NV

Sep 2019
PCB news
PCB Litigation has successfully acted for KMG International NV, an international oil company incorporated in the Netherlands with significant operations throughout Europe and Central Asia in challenging an application to strike out it claims against a former director of DP Holdings SA, a public limited company incorporated in Switzerland. The claims against the former director are connected to the enforcement of a US$200 million arbitration award that KMG obtained against DP Holdings SA. Click here for a summary of the judgment. Read More

Partnership Appointment

Sep 2019
PCB news
PCB Litigation is delighted to announce that Natalie Todd has joined the partnership on 1 September. Natalie is a commercial litigator with significant experience in dealing with asset recovery, fraud and other big ticket cases. Prior to joining PCB, she acted in one of The Lawyer’s Top 20 cases for 2014. Since joining the team in 2018 from a leading City firm, Natalie has been involved in a number of substantial international asset recovery and fraud disputes including obtaining freezing and search orders in one of Russia’s biggest ever alleged frauds - a US$1.8bn claim arising from the collapse of an Eastern European bank. PCB Litigation’s Joint Senior Partner, Anthony Riem, said: “We were delighted when Natalie joined the team last year, and we believe she will be a tremendous addition to the partnership. Natalie is an excellent lawyer who has demonstrated her ability to lead a team in complex and high-pressured cases.” Natalie commented: “I am excited to be joining a forward-thinking and ambitious partnership and to help drive the plans of the new leadership to expand upon its existing success.” Read More

Ohpen v Invesco

Aug 2019
PCB news
Jon Felce’s analysis of a recent case concerning the construction and enforcement of multi-tiered dispute resolution clauses was published by Lexis®PSL on 20/08/2019. A copy can be found here Read More

August – News Update

Aug 2019
PCB news
August - 2019 PCB Litigation have been instructed on a major international oil and gas dispute involving serious allegations of wrongdoing and issues of jurisdiction.       Read More

July 2019

Jul 2019
PCB news
Natalie Todd’s analysis of recent cases dealing with 1) uncontested claims in European Enforcement Orders (RD v SC) and 2) Anti-suit injunctions and Article 4(1) of the Brussels I (recast) (Gray v Hurley) were published by Lexis®PSL on 3 July 2019 and 26 July 2019. Copies can be found here & here
Rachel Turner’s analysis of a recent case dealing with issues of collateral use and forum conveniens in a conspiracy claim (ED&F Man v Come Harvest) was published by Lexis®PSL on 10 July 2019. A copy can be found here
PCB has been top-ranked by Chambers & Partners Litigation Support for Asset Tracing and Recovery, Global-wide. PCB is described as “an outstanding boutique litigation firm with a great deal of expertise in cross-border asset tracing and recovery matters. Especially known for its innovative approach in dealing with cases stemming from Russia and the CIS nations, PCB has garnered a reputation for thriving on "slightly quirky, more challenging cross-jurisdictional cases." The firm is a member of ICC FraudNet, utilising the network to great effect in managing global disputes.” Market sources were quoted: "They're relentless and just don't give up. They're very innovative." "They are absolutely outstanding. They are the best for asset recovery, true specialists - a top-tier firm." Read More

PCB succeeds in Libyan Investment Authority claim

Jun 2019
Fraud updates

PCB Litigation has succeeded in halting a high profile claim against its client, Mr Giahmi. In a judgment handed down today, the Commercial Court found that the claim brought by the Libyan Investment Authority against Mr Giahmi was time barred and that there had been a serious breach by the Libyan Investment Authority of its obligation to give full and frank disclosure when it applied for permission to serve the claim on Mr Giahmi out of the jurisdiction.

Anthony Riem said "It was a bold strategy to seek to dispose of a very substantial case at the outset, but we had the right team in place to see it through."

The PCB team of Anthony Riem, Trevor Mascarenhas, Rachel Turner, Jonothan Gould and Caitlin Foster instructed Alan Gourgey QC and Anna Littler of Wilberforce Chambers and Adam Kramer of 3VB. For more information, please contact Anthony Riem at ajr@pcblitigation.com or Trevor Mascarenhas at tam@pcblitigation.com.

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PCB named Asset Recovery Firm of the Year

May 2019
Fraud updates

PCB Litigation has been named by Who's Who Legal as Asset Recovery Firm of the Year for 2019. Celebrating its 40th anniversary this year, PCB would like to thank its staff, clients and colleagues worldwide for their continuing support which has enabled it to gain this global recognition.

Those 40 years have seen major developments in the tools available to practitioners in seeking to trace and recover stolen assets. PCB has been fortunate to be involved in some of the cutting edge cases, expanding the availability of freezing, disclosure and search orders in England and other jurisdictions, as well as being founding members of ICC FraudNet and the Commercial Fraud Lawyers Association.

The years ahead will bring further challenges with the increasing sophistication of structures used by fraudsters to conceal their assets. We are confident that asset recovery lawyers can make a real difference, recovering stolen assets and the proceeds of corruption.

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PCB obtains Freezing and Search Orders in “one of Russia’s biggest ever alleged bank frauds”

Apr 2019
Fraud updates

PCB’s litigation team has assisted Vneshprombank in obtaining extensive Worldwide Freezing, Search, Disclosure and Passport Surrender Orders against Georgy Bedzhamov. The Orders were granted by the English High Court, freezing Mr Bedzhamov’s worldwide assets up to £1.34 billion.

Vneshprombank collapsed and its liquidator, the Deposit Insurance Agency subsequently discovered what it believed to be an extensive fraud, which included suspect loans to shell companies alleged to be connected to Mr Bedzhamov. Mr Bedzhamov is facing separate criminal proceedings in Russia relating to the collapse of the bank.

The Freezing and Search Orders enabled premises alleged to have been used by Mr Bedzhamov to be searched. He has been ordered not to leave England and Wales, and been made subject to personal spending caps. Assets frozen by the English Court include a range of international assets such as apartments, other properties and holding companies which are all alleged to belong to Mr Bedzhamov.

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April 2019

Apr 2019
PCB news

Rachel Turner’s analysis of a recent case concerning freezing orders, search orders and Norwich Pharmacal relief in aid of enforcement of foreign arbitration awards was published by Lexis®PSL on 29 March 2019. A copy can be found here.

Read More

February 2019

Feb 2019
PCB news
Trevor Mascarenhas was named the winner of the Client Choice Award for Arbitration and ADR for the UK for 2019.
PCB litigation (led by Steven Philippsohn) were recommended by Leaders League as one of the Best Law Firms specializing in Commercial Litigation in the UK.
In a judgment handed down on 7 February 2019 dismissing a US$100 million claim, PCB Litigation successfully defended its client against claims that he had breached his fiduciary duties to the claimant and unlawfully conspired with his co-defendant to injure the claimant. For more details, please click here
PCB Litigation has been retained by a global supplier of insurance products in their pursuit of claims against rogue traders.
PCB Litigation are advising South American clients in respect of forex manipulation claims in excess of $100m. Read More