We have represented liquidators appointed in England, the Channel Islands, Hong Kong, Luxembourg, Bermuda, the Bahamas, the British Virgin Islands, the Cayman Islands, Kuwait, the United Arab Emirates, and other jurisdictions, including—for 15 years—those of the Bank of Credit and Commerce International.
Our expertise in developing and coordinating cross-border strategies to identify and collect assets, to protect estates and assets from dissipation, and to resolve jurisdictional disputes helps us save our international insolvency clients significant time and treasure.
We also represent offshore liquidators in often complex U.S. bankruptcy proceedings, knowing how to preserve the status quo, enjoin U.S. litigation, protect or obtain U.S. property and assets, and compel or resist discovery from U.S. companies and individuals.
We assist liquidators in recovering funds through litigation and negotiation, representing them in suits against corporate insiders, auditors, bankers, and attorneys and recovering funds lost through theft, breach of fiduciary duty, malpractice, and fraud.
In the News
Six LBKM professionals have been selected to the 2019 New York and Washington, DC Super Lawyers lists - an honor limited to 5 percent of the lawyers in each state. In addition, one LBKM professional has been selected to the 2019 New York Rising Stars list.October 2019
Katherine Toomey was interviewed about renewed Chamber of Commerce efforts to obtain disclosure of third party funding arrangements for litigation. She noted that the process of obtaining funding can be helpful “because oftentimes you are engaging in a real testing of the strength of the case. . . You have people who are very knowledgeable and are interested in making sure they're making a good investment, asking you some very hard questions about the weakest parts of your case. So the cases that make it through are stronger for the process."Law360, June 21, 2017
The Appellate Division, First Department, recently affirmed the dismissal of various claims brought by New Greenwich Litigation Trustee, successor to the claims of two feeder funds in the Bernard Madoff affair, against various third-party fund administrators, accountants and auditors.New York Law Journal, November 16, 2016
The U.S. Supreme Court ruled Thursday that Puerto Rico and the U.S. government may not prosecute individuals for the same crimes in a case that tested the limits of the territory's sovereignty, an issue that has become increasingly urgent as the commonwealth has struggled with a massive debt problem.Law 360, June 9, 2016
- Law360, October 1, 2015
- The Deal Pipeline, February 22, 2012
- The lawyer behind a $1 billion cross-border suit against Goldman Sachs following the sub-prime mortgage crisis praises the merits of bringing major commercial cases in the United States.February 3, 2012
- Saudi Arabia’s most high profile legal battle indicates just how dangerous the world’s capital markets remain a decade after Sept. 11, 2001.Trends Magazine, September 11, 2011
- The National, March 13, 2011
- The Washington Post, February 13, 2011
- The Australian Financial Review, June 11, 2010
- Reuters, June 10, 2010
- An Australian hedge fund has launched a billion dollar lawsuit alleging Goldman Sachs knowingly sold it dud investments.ABC News, June 10, 2010
- Huffington Post, June 9, 2010
- Goldman Faces $1 Billion SuitBasis Capital Cites 'False Representations' in Collapsed CDO; Abacus Factor?Wall Street Journal, June 9, 2010
- The Lawyer, May 18, 2009
Publications, Presentations & Events
- April 23, 2013
- Annual Review - Financier WorldwideApril 2012