Our network of lawyers
Combatting investment fraud requires specialized legal knowledge that most lawyers do not possess. It involves complex financial structures, international financial flows, multiple involved entities, and an opposing party with considerable resources and legal support. A generalist will not get far here.
Foundation BFRG therefore collaborates with a dedicated team of lawyers who specialize exclusively in fraud cases, directors’ and officers’ liability, and international procedures. Our network includes top Dutch lawyers as well as American fraud lawyers who are considered the absolute worldwide number 1 in their field.
Types of procedures we conduct
Summary proceedings: When rapid intervention is required — for example, to enforce asset seizure or obtain information — our lawyers initiate summary proceedings. In 2015, we initiated summary proceedings against Floresteca, ATF, and Tectona at the Amsterdam District Court.
Merits proceedings: The substantive handling of the damage claim, in which the judge assesses the merits of the case and makes a ruling on the compensation. This is the core of the mass claim.
Appeal: When the ruling in the first instance is unsatisfactory, or when the opposing party appeals, our lawyers are ready to continue the case at the Court of Appeal. BFRG has experience with appeals — we appealed against the suspension of payment agreement of Floresteca.
International procedures: With our network of foreign lawyers, we can also conduct legal proceedings and execute asset seizures in other countries.
Costs
Because the legal costs are shared among all participants in the mass claim, you as an individual pay a fraction of what your own lawyer would cost. A personal fraud lawyer easily costs €200-400 per hour — in a complex case, this runs into tens of thousands of euros. Through the mass claim, these costs are borne collectively, making professional legal assistance accessible to everyone.
