Karl S.Moussalli

Associate

London + 44.20.7039.5670

Karl Moussalli practices international commercial litigation and arbitration with a particular focus on multijurisdictional investigations involving major fraud, asset tracing, and corruption investigations, as well as contentious insolvency disputes.

Karl's recent experience includes advising Arcadia Petroleum Limited, a regulated crude oil trading company, in connection with ongoing High Court fraud proceedings against a number of its former directors (and associated companies) arising out of an alleged substantial and sustained fraud resulting in the misappropriation of oil trading profits in excess of US$350 million; the liquidators of SHB Realisations Limited (formerly BHS Limited) on its high-profile investigations into one of the largest retail collapses in the U.K.; the Bin Mahfouz Family on its US$50m asset tracing investigation, securing worldwide freezing orders, search orders, and asset disclosure orders as part of successful civil proceedings against Muhaned El-Rashid; a prominent Saudi businessman and high net worth individual on allegations of fraud and worldwide freezing orders secured against him in the U.K.; the liquidators of Angel Group Limited and the administrators of Angelic Interiors Limited on their claims against their former director and shareholder; and an engineering, procurement, and construction company on a multijurisdictional contractual dispute involving DIFC-LCIA arbitration proceedings worth in excess of a US$1bn.

Experience

  • Arcadia Petroleum pursues fraud proceedings against former directorsJones Day represents Arcadia Petroleum Limited, a regulated crude oil trading company based in London (and other companies of its corporate group), in connection with ongoing High Court fraud proceedings brought by the Arcadia Group against a number of its former directors and associated companies.
  • Clients seek advice in connection with criminal investigation and potential criminal and civil claims relating to alleged fraud of over US$1 billionJones Day is advising clients in connection with a criminal investigation and potential criminal and civil claims relating to an alleged fraud of over US$1 billion.
  • Company defends multijurisdictional dispute relating to sale of oil exploration block in NigeriaJones Day is representing a client in relation to a high profile and high value multi-jurisdictional dispute regarding the allegedly corrupt sale of a very lucrative oil exploration block in Nigeria.
  • BHS insolvency officeholders seek advice relating to investigations arising from company's collapseJones Day is acting for Geoff Rowley and Tony Wright as the insolvency officeholders of UK high street retailer, British Homes Stores ("BHS"), on investigations into the causes of the company's collapse and pursuing avenues of recovery for creditors.
  • Crude oil trading company brings fraud action in Switzerland against former directorsJones Day represents a regulated crude oil trading company in connection with ongoing fraud proceedings brought by it in Switzerland against a number of its former directors.
  • Sheikh Abdulrahman Khalid bin Mahfouz secures committal order in culmination of €35 million asset tracing litigationJones Day successfully represented Sheikh Abdulrahman Khalid bin Mahfouz and his family in proceedings against Mr. Muhaned Farid Mahmoud El-Rashid.
  • Pharmaceutical company seeks advice relating to internal multijurisdictional investigationJones Day advises a leading regulated pharmaceutical company in connection with an internal multi-jurisdictional investigation into the adequacy of the company's corporate culture, whistle-blowing mechanisms, and regulatory reporting procedures, which included examination of the company's SOPs and the successful carrying out of all relevant interviews remotely due to COVID-19.
  • Middle Eastern retail and real estate group in dispute with landlord seeks advice concerning major shopping center in Beirut, LebanonJones Day represents a large Middle Eastern based retail and real estate group in connection with a dispute relating to an English law governed leasehold agreement for a major shopping center in Beirut, Lebanon.
  • Joint administrators of Angelic Interiors seek insolvency advice relating to Triangle Site assetsJones Day acted for the joint administrators of Angelic Interiors Limited (in administration) in relation to a number of applications made under the Insolvency Act 1986.
  • Angel Group liquidators succeed in claims worth over £10m against former director and sole shareholderJones Day acted for the joint liquidators of the Angel Group in respect of claims worth over £10 million for breach of trust and fiduciary duties against Julia Davey (the former director and sole shareholder of the Angel Group).
  • Greystar purchases GSK and bakery site and forms joint venture with global real estate companyJones Day represented Greystar Real Estate Partners, LLC in its purchase of former GSK and bakery site (Future PRS), and the formation of a joint venture with a global real estate company.
  • Ted Baker amends and restates existing revolving credit facilityJones Day represented Ted Baker plc, a UK fashion retailer, in connection with the amendment and restatement of an existing revolving credit facility.
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