A judgment has been handed down today in the UK High Court by Mrs Justice Cockerill that paves the way for Hogan Lovells’ client FM Capital Partners (FMCP) to recover all the assets and property misappropriated by its former CEO.
This follows an earlier judgment from July 2018, in which the Court ruled against Frederic Marino, FMCP’s former CEO, and former Julius Baer banker, Yoshiki Ohmura, in respect of multiple acts of fraud and corruption.
The High Court judgment found that FMCP will be able to recover all the assets and property wrongly taken by Mr Marino up to an approximate value of $20-25m, in addition to the return of relevant shares. Against Mr Ohmura, FMCP’s damages claim is confirmed at approximately $15m.
Hogan Lovells advised FM Capital Partners with a team led by Crispin Rapinet (Picture).
Involved fees earner: Crispin Rapinet – Hogan Lovells;
Law Firms: Hogan Lovells;
Clients: FM Capital Partners ltd;