David Griffin is a senior managing director and leads the FTI Consulting corporate finance and restructuring practice in the Cayman Islands. David has 17 years’ experience of asset recovery matters, including 11 years based offshore in the Caribbean.
David has been involved in some of the largest cases in the region arising from insolvency, allegations of fraud or wrongdoing and other commercial disputes. These include numerous insolvency appointments involving extensive cross-border investigations, asset-tracing and litigation to recover substantial assets in the UK, Ireland, Canada, USA, British Virgin Islands, Spain, France, Netherlands, the Isle of Man, Luxembourg, Nigeria, UAE and the People’s Republic of China, with total borrowing in excess of US$2 billion.
He also acted in a court appointed receivership over two companies arising from fraud in relation to two Jersey trusts, which involved taking steps to investigate and recover cash balances, financial investments, real property, artwork and other valuable assets from a complex network of companies in Switzerland, Panama, Liechtenstein, the UK and the US. David led the liquidation of an offshore company that defaulted its obligations under a US$50 million loan facility with a major Luxembourg-based bank, including issuing proceedings to recover valuable interests in private equity funds. He also worked on the liquidations of several failed Cayman registered banks with losses due to fraud of more than US$1.5 billion and branches throughout Latin America (Argentina, Uruguay, Chile, Brazil, Peru and the Dominican Republic).
Other notable cases include investigations and liquidations of 57 Cayman registered companies implicated in a Ponzi scheme with investments amounting to US$300 million, and court-appointed receivership over assets of an offshore company arising from a US$270 million fraud affecting subsidiaries of a Russian private equity fund.