BDO have a dedicated team of insolvency and forensic specialists with considerable experience of contentious insolvency assignments, often of a cross border nature.
Our work covers taking formal appointments, under the Insolvency Act or otherwise, investigations and litigation support, and acting as expert witnesses.
Formal appointments often involve the use of forensic investigations and litigation to:
- trace assets
- obtain freezing orders and other interim relief
- pursue office holder remedies such as antecedent transactions, misfeasance and wrongful trading
- pursue breach of contract claims
- pursue claims of civil and commercial fraud
We work closely with lenders and creditors, lawyers, governments and other stakeholders to determine and agree robust and pragmatic strategies to maximise recoveries. We provide flexibility, expertise and a personal, partner-led service together with the resources and reach of an international firm.
International and cross-border insolvency
Many of our assignments are of a cross border nature, where global co-ordination and management of investigatory and litigation work streams is key to achieving a successful outcome. Where appropriate, we will work with specialists from relevant offices in the BDO International network, particularly for offshore insolvency appointments where a local appointee may be required.
These assignments demand a team with extensive international reach as those responsible for causing major losses to creditors do not respect national boundaries. BDO operates in 162 countries, giving us access to local expertise to pursue assets, companies and directors around the globe.