Offshore

  • The liquidators of a British Virgin Island-based hedge fund, in a large preference and clawback action brought by the Madoff trustee, in one of the first sales of Madoff-tied SIPA claims to a third party, and with litigation advice related to recovery of assets lost in Madoff-related funds
  • Professional trustees in US$1 billion litigation relating to the Madoff fraud, involving the defense of clawback claims brought in the US (SDNY) and England (High Court) by the SIPA-appointed Madoff trustee. Also acting in the defense of US$300 million proceedings in Bermuda brought by the liquidator of one of the primary Madoff feeder funds with related proceedings in BVI and Monaco
  • The Cayman Islands-based liquidators of a hedge fund of funds in valuation and liquidation disputes with various PIPE funds
  • An Asian private equity fund in connection with its investment in the US involving an SEC investigation and US litigation concerning mismanagement by a former manager
  • A UK family trust in connection with disputes regarding special purpose vehicles organized under Cayman Islands law
  • A Singapore corporation, its affiliates and agents, with respect to global litigation originating in the British Virgin Islands

Onshore

  • National syndicator in numerous limited partnership disputes related to tax credit funds, including resolution of disputes pertaining to fiduciary and contractual duties between and among limited and general partners
  • A large investment bank in numerous actions worth billions of US dollars with respect to disputes arising out of the sale of residential mortgage-backed securities
  • The joint official liquidators of the US$1.3 billion hedge fund Platinum Partners Value Arbitrage Fund in the resolution of its assets across Asia, including in Indonesia, Australia and Singapore, such as the high-profile dispute involving listed shares in PT Hanson International Tbk
  • AIM-listed investment fund in LCIA arbitration proceedings claiming fraud against its portfolio manager and in related litigation in Mauritius with the client's joint venture partner. The claims concerned totaled in excess of US$300 million
  • A large number of limited partners and advisory committees in various Abraaj funds, in relation to negotiations and restructuring resulting from the insolvency of Abraaj, which involved over US$13 billion of assets and constituted the largest private equity insolvency in history. DLA Piper's role included assisting with corporate stabilization, restructuring, contentious and corporate criminal issues
  • A fund manager in relation to contentious and regulatory issues on a dispute relating to investment into a bond issued by a Chinese company on behalf of investment clients of the fund manager
  • A limited partner in litigation against a hedge fund, its investment manager and principal, resulting in a highly favorable outcome for our client
  • Several funds and banks in the clawback procedure started by the receiver of La Seda de Barcelona in order to nullify the personal guarantees amounting to €250 million granted by the EU subsidiaries of La Seda de Barcelona under a Senior Facility Loan/PIK Loan
  • An investor committee in a group of Delaware and Cayman Island funds investing in collateralized debt obligations in a Chapter 11 case in which the funds were restructured and valuable litigation rights of the funds were preserved
  • Numerous litigation financing funds in due diligence related to an onshore fund dispute