Case Studies
Case Study 5
Investigations and Asset Recovery>>
A once-promising industrial conglomerate in an emerging market defaulted on its international debt. Diligence was asked by the client (attorneys representing the bondholders) to assist in the recovery of assets. Diligence was able to establish that the company had inflated its worth prior to the bond offering and developed a complete picture of the conglomerate, its principals, its practices, and its labyrinth of connections to other entities.
By identifying disgruntled former employees and other sources, Diligence was able to conduct extensive interviews on-the-ground with people connected with the disgraced conglomerate. These interviews, combined with sources having unique access to various elements of the target group and its successor companies, enabled Diligence to provide the client with valuable leads in pursuing the claims of creditors. In turn, our client was able to use this information in its legal effort to recover assets close to $350 million.