Protecting your business from fraud

Corporate fraud can have a devastating effect on the individuals involved, on a business and its reputation. It could be one of the biggest dangers businesses face.

It can be carried out by employees, customers, suppliers or others and can lead to:

  • Loss of reputation and customers
  • Withdrawal of funding
  • Personal liability for senior people in the organisation

Corporate fraud can take lots of different forms, including:

  • Fraudulent misrepresentation
  • Breach of fiduciary duty
  • Secret profits
  • Unjust enrichment
  • Money laundering
  • Bribery
  • Corruption

Take action

While businesses can put mechanisms in place to minimise the likelihood of these things happening, if they do happen then it’s crucial that they act quickly. Assets can quickly become re-distributed overseas and, if businesses are too slow off the mark, asset tracing can prove fruitless.

Acting quickly can also help prevent regulatory or criminal sanctions as well as further damage to the business’ brand. At Nelsons, our highly trained corporate fraud solicitors can help increase the likelihood of asset recovery.

Court applications for freezing orders (preventing the assets being disposed of or dealt with) or search and seize orders (to search the respondent’s premises) are common remedies. For businesses embroiled in an episode of fraud, there are quick decisions which need to be made early on.

The biggest is whether the value of their loss, and the potential future losses, justifies taking action, including applications for interim remedies like Court injunctions.

About our asset recovery and corporate fraud solicitors

Our commercial disputes solicitors quickly get on board in any corporate fraud case, seeing the intricacies of the case as well as the bigger commercial picture. We help businesses decide on the best course of action and help protect their position and their assets through decisive action.

Our team also advise on worldwide tracing and recovery, teaming up with investigators and foreign solicitors to retrieve lost or stolen assets.

We are recommended by the independently-researched Legal 500 as being one of the top teams of specialists in the country.

For more information about our asset recovery and corporate fraud services, contact our commercial litigation team in Derby, Leicester or Nottingham via email or call us for a guaranteed response.

  • "Nelsons Solicitors Limited fields a wide-ranging practice and has a strong track record in assisting with complex high-value High Court litigation."

    Legal 500
  • "Nelsons Solicitors Limited's 'excellent' team has notable expertise in construction, debt recovery, insolvency, professional negligence, IT and intellectual property and commercial property disputes, leveraging the firm's wider practices in these areas where necessary."

    Legal 500

Find out how Nelsons can help you. Contact our friendly team for a guaranteed fast response.

For advice and support 0800 024 1976