Dhruv Phophalia is a Managing Director with Alvarez & Marsal and leads the firm's Disputes and Investigations practice in India.

He has more than 20 years of experience and specializes in anti-bribery and corruption consulting, fraud investigations, anti-fraud programs and controls, regulatory compliance, litigation support and bankruptcy matters. He has advised several Fortune 500 companies on a number of large global forensics and dispute engagements across the globe.

Mr. Phophalia has served clients across a wide range of industries including manufacturing, consumer products, life sciences, media and entertainment, financial services, construction, telecom and technology.

His extensive experience in anti-bribery and corruption consulting includes FCPA and UK Bribery Act advisory investigations, pre-acquisition and post-acquisition due diligence, compliance assessments and end-to-end implementation of anti-corruption programs and controls.

He has worked with clients on several FCPA engagements, including matters involving DOJ and SEC inquiries and the Commonwealth Games scam in India. Many of these engagements have involved conducting investigations in response to corruption-related allegations, developing and implementing anti-corruption policies and procedures, conducting risk assessments of business partners and third-party intermediaries, developing anti-corruption implementation and monitoring frameworks.

Mr. Phophalia has advised clients on internal investigations involving white-collar crimes and financial crimes, embezzlement of funds, financial statement fraud, misuse of corporate assets and improper remuneration to third parties. Several investigations required extensive use of data analytics, computer forensics and / or e-discovery tools to effectively analyze large volumes of data. His other engagements involved gathering business and market intelligence to collect and evaluate the subject's reputation and profile.

He has assisted clients in domestic and international litigation and arbitration matters involving expert witness engagements buy-sell disputes, construction contracts, claim for damages and royalties, accounting issues and bankruptcy-related matters.

Before joining A&M, Mr. Phophalia was a Senior Director (Partner) at Deloitte, leading its anti-bribery and corruption consulting service in India. He spent more than a decade in Deloitte's U.S. office and played an instrumental role in establishing its forensic and dispute services practice in India.

He has also conducted compliance training programs for a number of companies in India and the U.S. Mr. Phophalia earned an MBA degree in finance from the University of Pittsburgh, and master of commerce and bachelor of commerce degrees in accounting from the University of Mumbai.

Bahram N. Vakil is a founding partner of AZB & Partners.  He was a member of the Bankruptcy Law Reform Committee (which provided and led to the implementation of the Insolvency and Bankruptcy Code, 2016 (IBC)) and is currently serving on a Committee that has proposed amendments to the IBC.  Bahram is recognised by Chambers and Partners, The Legal 500 and other publications as a leading lawyer for restructuring, banking & project finance in India.  Bahram has also served as a member on various high-level government committees on financial reform, foreign direct investment and securities market reform.

Nick is an Insolvency Practitioner with over 25 years' experience in tracing and recovering hidden assets from a number of jurisdictions including, Caribbean, Far East and EMEA countries, the offshore financial centres, Russia/CIS region and the USA, using civil and insolvency procedures.

I work with corporates, financial institutions, victims of fraud and the public sector.  My team has recovered over £250 million of hidden assets over the last three years.  We frequently share the risk and reward of recovery with our clients.  Internationally I have been appointed as Receiver by the Courts of Antigua, Bermuda, BVI, Nevis, Jersey, Caymans and Delaware.

I am listed as one of Who’s Who Legal’s Most Highly Regarded Individuals in their Asset Recovery Expert Guide 2016 for my “vast reservoir of expertise”.

A number of my articles on fraud, asset tracing and recovery have been published and I have presented internationally on fraud, asset tracing and recovery techniques.

I am still playing rugby in the vets and refereeing.

Kanika is a Partner in TLT’s Banking & Restructuring Team.  Her main area of expertise is contentious insolvency, often involving aspects of fraud and cross border asset recovery. She is heavily involved in the firm’s India practice and co-leads TLT’s India Group. She has a specific focus on matters relating to the Insolvency and Bankruptcy Code 2016 (in India) and work flowing from that, both in the UK and abroad. Her reputation in this field continues to grow as evidenced by the numerous invitations she continues to get to present to regulatory authorities such as the Insolvency and Bankruptcy Board of India (on the topic of personal insolvency and cross border insolvency) as well as more generally at conferences. A significant part of Kanika’s practice involves working alongside the financial services disputes and investigations team at TLT on enforcement and recovery work for several of the Indian banks located in London but also back in India.

I am a director in our insolvency and asset recovery team dealing with contentious assignments. I specialise in global asset tracing, recovery, and enforcement, where I use insolvency and civil procedures as powerful tools to recover hidden and misappropriated assets to maximise financial recoveries for stakeholders.

My work typically involves multiple onshore/offshore insolvency appointments – liquidations, bankruptcies, and receiverships – where I coordinate enforcement and asset recovery strategy across multiple jurisdictions, including India, the Middle East, the UK, Asia, the Caribbean, Europe, the Offshore Financial Centres, and the US.

I have extensive experience working with Indian and Middle Eastern financial institutions, corporates, and lawyers, in enforcing non-performing loans, judgments, and arbitration awards. I often act on a contingent basis where I share the costs and rewards of recovery.

I have recently been working with Grant Thornton India to help grow and develop its asset recovery and insolvency business in light of recent legislative changes in India. The recovery of assets related to Indian fraud or bad debts outside of the jurisdiction is a particular interest and focus.

Outside of work, I enjoy reading, hiking and spending time outdoors.

Paul is a partner in the Banking & Financial Services Litigation team in our London office having qualified in 2006. He has particular experience of disputes involving a range of complex financial products, trade finance issues, fraud and insolvency as well as contentious regulatory matters.

Paul has completed two secondments with Barclays Bank, most recently spending eight months with the Litigation, Investigations and Enforcement team working on regulatory investigations and a variety of litigation matters across the Corporate and Investment Bank. He previously spent seven months with the Bank's Global Retail and Corporate Bank Litigation team.