Case Studies
We were engaged by U.S. counsel acting on behalf of a global insurer to investigate 40+ companies operating in the commodities sector across Cambodia, China, Hong Kong, Israel, Thailand, the U.A.E., and the U.S. These companies (the Debtors) were named on several claims made by the policyholder on a Trade Credit Insurance Policy for accounts receivable losses allegedly suffered by the policyholder as a result of payment defaults by the Debtors on a series of international commodity transactions.
We work for insurers to help them defend large and often complex claims arising under trade credit insurance policies purchased by business entities to insure their accounts receivable from loss due to failure to pay or the insolvency of debtors. Typically, we are retained to investigate the legitimacy of the insured’s claim and transactions as well as the underlying debtors who have defaulted on their payment obligations. Where insurers are obligated to pay out on policies, we provide asset due diligence and recovery to support insurers in pursuing third-party claims on a subrogated basis.
During this investigation, our team provided comprehensive support to the insurer and law firm. Our assistance included the following:
As a direct result of the investigation process, the insurer and law firm were able to provide a robust defense to the claim, including statements collected by our team from most of the Debtors that the transactions and alleged accounts receivable losses were fictitious. Ultimately, the Insured withdrew its claim in full before it reached arbitration.
Peter Pender-Cudlip
Senior Managing Director
Global Investigations
+44 20 8706 1921
[email protected]
> Fraud & Investigations
We deliver strategic guidance regarding investigations of fraud and misconduct, corruption, accounting irregularities, regulatory inquiries, and whistleblower allegations. As a market leader in dispute and investigative consulting, J.S. Held advises clients on a wide range of contentious situations including litigation and arbitration, fraud and corruption, asset tracing, and enforcement.
> Investigations / Compliance Consulting
J.S. Held’s global investigations team provides companies, legal counsel, financial institutions, government agencies, and high-profile individuals with the information required to make well-informed business and legal decisions.