DWF Forensic combine the skills of forensic accountants, investigators and intelligence analysts with law enforcement backgrounds, to provide the firm's clients with a bespoke, desk-top based intelligence service. We work with client's to provide pre-acquisition due diligence on target companies and their management teams, reputational risk analysis on potential new business partners and suppliers, assist with investigation into factual allegations and carry out asset tracing in relation to litigation matters.
A banking client of our Dubai office is seeking to recover a debt from a loan customer that has defaulted on repayments. A number of individuals and companies have also provided guarantees for the loan in question. Our client wishes to understand whether the debt could viably be recovered from any of these entities and needs advice on the best course of legal action to take to recover the amount.
How we helped
Working alongside the Dubai litigation team, DWF Forensic carried out an asset tracing exercise on the debtor and each guarantor. DWF Forensic's team used their experience and skills to penetrate and analyse unindexed data stored in the "deep web" as well as international media, websites, forums and social media. Combining this expertise with a toolkit of subscription-only databases covering global companies and their directors and international sanctions and 'watch list' records as well as registered user access to a number of worldwide Official Corporate Registries, DWF Forensic were able to generate comprehensive and relevant intelligence for the client. This included identifying shareholdings and their potential value if sold, researching current and historic corporate ownership structures, estimating the nature and value of company inventory or physical assets on the open market, identifying property owned internationally, providing information on existing court proceedings in various jurisdictions and identifying family members and their potential worth. Being based in-house allowed a constant flow of communication between DWF Forensic, the legal team and the client, meaning that the focus of both the investigation and legal work could be tightly controlled and quickly adapted as new internal and external information came to light. Our analysts were able to support the presentation of our complex findings by using i2 charting software to prepare a clear, one-page diagram of organisational structures and connected assets and individuals.
Our legal team were able to use our findings to identify the jurisdictions in which legal action would be worthwhile pursuing. The work of the legal team continues as they make seizure and freezing applications in various jurisdictions, in order to recover the debt.
If and when those applications require further in-depth information to support them, DWF Forensic can quickly pick up any investigation required, avoiding the delay of re-appointing an external investigation agency.