3VB
Corporate Disputes: Navigating The Fallout From Accounting Fraud
20 May 2024
Location: 12:00-1:00pm UK Time (Zoom) Members: FREE to attend - Book by 20 May Non Members: Register above as a member, and attend for FREE - Book by 20 May
Highlights
In recent years, a number of high profile accounting frauds have hit the headlines and English courtrooms, from Patisserie Valerie to Carillion to NMC Health plc. The fallout from these scandals has embroiled not only the companies and their creditors, but also their directors, business partners, auditors and bankers. In our current tough economic environment, many businesses will be under stress. To stay afloat, unscrupulous managers may be tempted to manipulate financial accounts to placate shareholders, lure in new investments, or avoid breaching lending covenants. Meanwhile, as businesses begin to fail, history suggests that more cases of accounting fraud will be exposed. The Government is still not funding police, CPS and prosecutors sufficiently to deal with allegations of fraud, despite trumpeting their legislative changes, Economic Crime plan and Fraud Strategy. That leads naturally to corporate victims considering private prosecutions, which then brings in the overlap with civil remedies.
This webinar will address the options and risks for companies and their stakeholders when an accounting fraud is suspected or revealed.
Key discussion topics include:
- Civil law remedies and risks for various players, including the company and its directors, shareholders, creditors, auditors and banks
- Government Fraud Strategy, Private prosecutions and the overlap with civil remedies
- Challenges in quantifying loss, including the special challenges of group shareholder actions brought under s90/s90A FSMA
Barrister
3VB
Anca has a broad commercial practice spanning most of 3VB’s core practice areas, including banking, financial services and regulation, insolvency, cryptoassets, international arbitration, and general commercial disputes. She is often instructed as junior counsel in high-value cases and complex international arbitrations but is equally comfortable appearing as sole counsel. Before coming to the Bar, Anca was the Judicial Assistant to Sir Geoffrey Vos, in the Court of Appeal, where she gained experience in a broad range of civil disputes. Anca also assisted Sir Geoffrey Vos with his work on the Cryptoassets Taskforce report.
Anca is also a member of the New York Bar.
3VB
Barrister
3VB
Named a “Rising Star” in Banking and Finance three years in a row (Legal 500 UK 2021, 2022 and 2023), Rebecca advises and acts across the range of commercial disputes, with a focus on banking and finance, civil fraud and international arbitration.
3VB
Associate Director
Berkeley Research Group (BRG)
Matthew McSheaffrey is an associate director in BRG’s Disputes and International Arbitration practice, based in the firm’s London office. He focuses on the valuation of businesses and the quantification of damages, generally in a litigation context and has led the financial analyses and prepared expert witness reports in some of the world’s largest and most complex commercial disputes.
Mr. McSheaffrey’s experience includes litigations across Europe, the Middle East, Asia and North America, with a broad coverage of sectors including oil and gas, financial services, industrials and real estate. He has assisted counsel and experts at hearings before the London Court of International Arbitration (LCIA), the International Court of Arbitration of the International Chamber of Commerce (ICC), the Singapore International Arbitration Centre (SIAC), the High Court of Singapore and the Grand Court of the Cayman Islands.
Berkeley Research Group (BRG)
Partner and Head of Business Crime
Peters & Peters
Nick is the former Head of Special Crime and Head of Extradition at the Crown Prosecution Service, Nick has unique expertise and insight into complex, international, high-profile and sensitive criminal matters.
In Chambers and Partners 2021, Nick is described as "a brilliant lawyer who is fantastic at guiding a client through a case", and in Legal 500 2021, one client said "Nick is highly intelligent, has great charisma, is a superb strategist and has ceaseless stamina. A top lawyer for private prosecutions work
Since January 2020, Nick has represented the Post Office in the largest series of criminal appeals in UK legal history and, since August 2022, he has been advising Boris Johnson in respect of the Privileges Committee inquiry into whether the former Prime Minister misled Parliament over ‘partygate'.
Peters & Peters
Agenda
Speakers:
Anca Bunda - Barrister - 3VB
Rebecca Zaman - Barrister - 3VB
Matthew McSheaffrey - Associate Director - Berkeley Research Group (BRG)
Nick Vamos - Partner and Head of Business Crime - Peters & Peters