At the start of November 2016, there was a special sitting of the Dubai International Financial Centre Court. The purpose? To freeze almost €1 million in an account with the UAE-based Noor Bank. The money had been handed over by investors thinking they were backing an Irish forestry project. Instead, it was transferred abroad. An experienced local law firm outlined its case succinctly to the court on behalf of Declan de Lacy, corporate recovery partner with PKF O’Connor Leddy & Holmes. Just one week before, de Lacy had been appointed by the High Court as liquidator to an Irish company…

Want to continue reading?

Join today and get full access to The Currency and The Wall Street Journal – TWO premium memberships for the price of one.

Subscribe

Cancel at any time.

Are you already a member? .