Advice was provided an individual to obtain a non-party disclosure order against banks holding accounts belonging to companies that were part of a joint venture set up to promote a construction product. Those joint venture companies and accounts were controlled by the client’s former business partner.
The disclosure revealed the scale of unauthorised transfers in breach of fiduciary duties which were undertaken by the joint venture partner for his own benefit and that of his family, unbeknown to the client.
The investigation work enabled to the client to obtain a freezing injunction to ensure that the joint venture partner would not dissipate assets during proceedings. Proceedings were brought for breach of fiduciary duties and breach of terms of the joint venture agreement in the High Court to resolve matters on behalf of the client.