TURNING THE TIDEON CYBER FRAUD
In the interconnected world of global commerce, cyber fraud has emerged as a shadowy parallel, where unscrupulous entities divert billions through deceptive practices. Hong Kong's stature as an international financial center makes it an attractive destination for such funds.
We advise clients on asset recovery where funds have been stolen or assets have otherwise been misappropriated. We have particular experience assisting with complex, high-value, cross-border commercial fraud and business crime, including internet fraud, cyber fraud, online scams, email scams, phishing and identity theft, accounting fraud and investment scams. Our fraud and asset recovery capabilities are supported by a strong background in advising regulated financial institutions on securities and other investment laws and in identifying, addressing and countering money laundering.
Hong Kong's robust legal system allows our practice in cyber fraud, as part of our wider Dispute Resolution Practice, to leverage established legal mechanisms to assist in recovery through this complex landscape. We provide victims with options.
Leveraging more than twenty years of experience serving clients in the financial sector, our firm has carved out a formidable standing as the preferred organisation for businesses in search of tailored and inventive legal guidance.
GETTING THE DEAL DONE
Types of Contact Us
Cyber fraud can take different forms, including the compromise of business emails, confidence fraud, and investment fraud.
BEC & Contact Us
EAC Account Compromise
Business email compromise is not just an IT issue but a legal battle where email systems are exploited to mislead and defraud.
Confidence Fraud Contact Us
& Romance Fraud
Trust is at the heart of confidence fraud, a deeply personal betrayal that requires a delicate legal touch.
Investing in Fraud Contact Us
& False Promises
Investment fraud strikes at the core of entrepreneurial ambitions, using lies and false promises to deceive.
The areas in which we can assist include: Norwich Pharmacal and Bankers Trust orders and bankers’ books orders, asset tracing to identify assets available for recovery, forensic examination of banking records, Mareva and other proprietary freezing injunctions.
We can also liaise with the Hong Kong Police Force and the banks to whom stolen funds have been transferred, service of process out-of-jurisdiction, appointment of provisional liquidators over corporate vehicles used for fraud, default judgments and the pursuit of declarations as to the existence of a constructive trust, vesting orders and garnishee orders to enforce judgments against fraudsters and actions against directors for fraud.
Asset Recovery for a State Bank
Lead counsel to state bank in the multi-jurisdictional recovery of US$4 million lost as a result of fraud.
Asset Recovery Action
Lead counsel for a reinsurance company with over US$140 million in assets with a view to recovering funds lost as a result of a fraud.
Cyber Fraud on State Bank
Lead counsel to a state bank in connection with the recovery of monies following a cyber fraud resulting in a multi-million US dollar loss. Advised on mareva injunction, Bankers Trust and bank disclosure orders and inter-pleader proceedings.
Criminal Defence of Former Employee of Financial Institution on Suspicion of Fraud and Dishonesty
Lead counsel to former employee of a US based bank in respect of suspicions of fraud and dishonesty arising from trading activities. Advised on potential criminal offences and prepared submissions which ultimately resulted in no prosecution moving forward.