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Clock Expires On Liquidators £20M Carbon Credit Fraud Case

A London judge dismissed liquidators' £20 million ($26 million) fraud lawsuit against a British financial broker on Thursday after finding that they ignored signs of Tradition Financial Services Inc.'s involvement in carbon credit trades and waited too long to sue.

Clock Expires On Liquidators £20M Carbon Credit Fraud Case

A London judge dismissed liquidators' £20 million ($26 million) fraud lawsuit against a British financial broker on Thursday after finding that they ignored signs of Tradition Financial Services Inc.'s involvement in carbon credit trades and waited too long to sue.

Firm promotion: Grant Thornton appoints partner

2021-01-29T16:52:00+00:00 Colin Diss Business and financial adviser Grant Thornton UK LLP has promoted Colin Diss to partner in its insolvency and asset recovery team.  Diss, who has been with the firm for over 15 years after first joining its graduate scheme in 2005, is a licensed insolvency practitioner. He has a particular focus on the development, financing and execution of enforcement and asset recovery strategies, and specialises in the use of international insolvency techniques as a tool to trace and recover assets.  Diss has experience in breaking structures and recovering assets from global jurisdictions including the Middle East, the Caribbean, USA, India, Hong Kong, Cyprus and Switzerland. He has also played an integral role in the development of the Asset Recovery Fund, a unique joint venture partnership established to provide bespoke financing for complex asset recovery and enforcement claims.

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