Giambrone & Partners' banking and financial fraud team has won a significant Battle for Jurisdiction in a six-figure Investment Scheme Case

Giambrone & Partners’ banking and financial fraud team, led by Joanna Bailey, has successfully established the jurisdiction of England and Wales in a crucial case involving potential investment irregularities. 

Giambrone & Partners’ client, contacted an organisation he had observed on a social media site that advertised the potential to make additional money by means of investment.  Our client had no previous experience of the investment market other than through a conservative well-respected firm of financial advisors. He did not have any understanding of the different types of investment nor the risks that certain types of investment posed.

Our client became embroiled in trading in contracts for difference (CfD) without any comprehension of the type of trading, nor of the fact it was considered hazardous.  Our client frequently asserted the importance to their family, of the money being invested, especially to the children under the age of majority.  Equally, our client made crystal clear that he was a novice investor and had absolutely no knowledge or understanding of the financial markets and had placed complete trust in the two “fund managers” assigned to him.  

Eventually, our client recognised the situation in which he found himself and decided to seek a legal remedy to recover the money “invested.”  The jurisdiction our banking and financial lawyers recommended is that of England and Wales.

Joanna Bailey commented “our client deserves to have the best opportunity to succeed in their claim.  The judiciary in England and Wales has a reputation second to none for delivering unbiased incorruptible justice.” She further commented “the team successfully pieced together the evidence and successfully overturned the claim by the other side that our client was experienced in trading in the financial markets.  The decision relating to the jurisdiction issue is a major achievement and now provides our client with the potential to recover their losses.”

Giambrone & Partners’ banking and financial fraud team is highly experienced is at the forefront in dealing with rogue investment brokers and regularly advises and assists with high-value disputes working to resolve complex claims for our clients.  Our multi-jurisdictional multi-lingual lawyers appear before international tribunals and national courts across Europe and in further afield. 

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