Upon discovering fraud there are important issues to consider and preliminary steps which need to be taken before involving external advisors. Arun Chauhan takes us through what good practice looks like in the current fraud environment and what in-house legal teams should think about when conducting a regulatory investigation.
In the recent case of European Real Estate Debt Fun (Cayman) Ltd v Treon and others [2021] EWHC 2866, the High Court took a broad view of the facts to be taken into consideration when assessing when a claimant could have discovered fraud for the purposes of the Limitation Act 1980 (the “Act”).
As many employers grapple with putting measures in place to keep their employees’ jobs and incomes secure, the risk of employee fraud is highly likely to increase.
The following article looks at why this may happen, how businesses can act to protect themselves and how they should react if any instance of employee fraud is detected.