In conjunction with outside counsel for an investment firm client, CRA was engaged on a large-scale asset recovery investigation spanning multiple countries in the UK, Asia, and Middle East relating to investees who had defaulted on a multi-million-dollar loan. Our investigation identified multiple undisclosed shell companies in various locations used to conceal assets, transfers of assets to family members, and evidence from source inquiries regarding the background, reputation, and suspect business dealings of the individuals.
The end of LIBOR: Which benchmark rate for pre-award interest?
LIBOR was discontinued for most currencies at the end of 2021, with only USD LIBOR set to be discontinued in 2023.[1] As noted earlier, LIBOR has been widely...