Global construction, technology and security provider achieves favorable outcome following numerous fraudulent breaches of duty by rogue officer of company
Clients Global construction, technology and security provider
Jones Day provided urgent advice and assistance to a Guernsey registered construction, technology and security provider and its subsidiaries following numerous fraudulent breaches of duty by a rogue officer of the company and his associates in a matter involving misappropriation of corporate assets, secret profits, theft of confidential information and attempts to solicit clients and contracts of a highly profitable business with entities incorporated in various jurisdictions. The client sought advice from Jones Day in order to protect its numerous business interests and recover damages conservatively estimated at about $30 million. Using its familiarity with key issues of BVI, Guernsey and English law, the Jones Day team was able to provide a global strategy designed to recover assets and protect the client's business with advanced steps towards obtaining "springboard" injunctive relief in Guerney (novel for that jurisdiction). Intense pressure over a period of three months enabled the client to recover its confidential information and achieve a very favorable outcome.