Taylor Wessing instructed in global fraud case to recover the Madoff Estate
Lawyers David de Ferrars, Nick Moser
A cross-firm team have won a highly competitive instruction from the trustee of the Madoff estate, appointed by the US Bankruptcy court, to help recover assets worldwide arising out of the most notorious international fraud case to date.
David de Ferrars, Head of Fraud, is leading the team with Nick Moser, Head of the Restructuring & Corporate Recovery group. They are assisting in the high profile recovery of the insolvent estate’s funds. As court proceedings in the UK and around the commonwealth progress towards hearings to be held over the next few months and years, this household name case will once again sit at the forefront of UK press, boardrooms, and coffee tables.
To put the enormity of the case into perspective, the trustee alone has filed more than 1,000 law suits in the US and worldwide during the past two-and-a-half years to recover funds of around $90bn. There has been no larger international fraud case ever investigated and, aside from Lehman Brothers, there are few, if any, more high profile cross-border insolvency cases.
Barristers from Blackstone Chambers and 3/4 South Square have been instructed.