Forensic Services

After years of intense economic downturn, we still find ourselves in a world of relative uncertainty where most of our corporate leaders are still focused on measures to alleviate the effects of the downturn and to ensure the survival of their entities. What is certain, however, is the fact that the downturn has challenged even our most robust institutions, driving up fraud and economic crime, and the propensity of businesses to engage in disputes of all kinds. As our economy reels itself out of its current state, we believe that several things will happen:

  • The long-term effects of the downturn will undoubtedly be felt more intensely than ever;
  • Many long-term fraud schemes, which have started as we entered the economic downturn, or even before, will be uncovered; and
  • The economic crimes that many managers have been involved in as a direct result of the downturn will be discovered.

This will all lead to more investigations and more business disputes aimed at settling past scores.

Needless to say that corporate governance professionals will play centre stage. Through our forensic services, we can help you in identifying and managing your risks related to safeguarding your assets and fulfil your commitments.

You have been informed of allegations of fraud, corruption and conflicts of interest, or you suspect the existence thereof. You are faced with peculiar and complex business decisions that cannot be explained or justified, as well as decline of investor trust in management. We can help you with:

  • Corporate fraud investigations on behalf of shareholders, management, lawyers, license owners, etc
  • Investigations of allegations related to corruption, accounting irregularities and asset misappropriation
  • Forensic support to internal audit teams (planning and execution)
  • Review of fraud investigations
  • Regulatory investigations such as anti-money laundering, US Foreign Corrupt Practices Act (FCPA), UK Bribery Act, competition and antitrust
  • Insurance claims investigations
  • Insolvency investigations (in line with the Romanian Insolvency Procedure)
  • Contract and compliance related investigations

You have or are planning a business dispute with a third party in relation to commercial issues, or you are a party or lawyer in a local or international arbitration. We can help in providing expert opinions and testimony, damage quantification, and independent advice related to dispute resolution, in a wide variety of scenarios, including:

  • International arbitration
  • Local arbitration and/or civil disputes involving commercial issues
  • Expert determinant and other alternative dispute resolution work
  • Disputes related to insurance claims Bilateral Investment Treaty (BIT) disputes (ICSID)
  • Intellectual property disputes
  • Privatization related disputes
  • Construction, real estate, and investment disputes
  • Transaction and shareholder disputes (purchase price adjustments, warranty claims, earn-out disputes, etc)
  • Regulatory, anti-money laundering, competition or anti-trust disputes

You have or are about to undertake a major capital investment project, and you would like to adequately review and control the project and risk management arrangements for implementation of the project; or you would simply wish to know that the risks associated with such projects have been identified and managed properly. Or maybe, you are already in a dispute with a third party involving a capital investment. We can help with the following aspects:

  • Assistance in construction disputes
  • Review of the adequacy of project governance
  • Risk and quality management
  • Review of/assistance in development of the procurement strategy
  • Review of the adequacy and accuracy of management reporting
  • Advice in development of a management reporting framework and controls

You need to find information about the financial, regulatory and reputational status of third parties that you have or intend to go into business relationships with. We can help you manage regulatory and reputation risks, pursue strategic opportunities with greater confidence, and enforce legal claims. In this sense we can provide the following:

  • Background searches on individuals and companies, anywhere in the world
  • Third party investigative due diligence
  • Pre-deal integrity due diligence
  • Required by most regulatory standards: Sarbanes-Oxley, US FCPA, UK Bribery Act anti-money laundering laws, etc.
  • Asset tracing and assistance in asset recovery
  • Competitor and market intelligence
  • Review of existing anti-money laundering processes and design of internal controls
  • Design of corporate and business intelligence framework and procedures

You need to preserve evidence on computers, servers, backup tapes or PDA’s. You need to identify password protected, encrypted, hidden or deleted documents, without damaging or altering the data or taking the organisation’s server network out of action. You need to be able to search and review a large volume of e-mails and other documents.

You need to trace transactions or patterns of transactions hidden within huge volumes of data, efficiently. We can help you:

• Computer Forensics (data capture, image analysis)

• eDiscovery Services (document management, e-mail analysis)

• Data Analytics (transactional financial analysis, operational analysis, revenue assurance and loss prevention support, and review of data protection policies and controls)

You are concerned about the fraud risks your organization faces, and feel that these issues have not been properly addressed. We can help you with the following:

  • Assessment of fraud and economic crime risks of an organization as part of risk management, in teaming with internal audit, and on behalf of shareholders and/or management
  • Review of fraud risk management processes and whether the internal controls effectively cover fraud risks
  • Review, design and implementation of anti-fraud programs, such as:
    • Tone at the top: Codes of ethics and conduct
    • Whistleblower mechanisms
    • Anti-fraud policies
    • Fraud awareness and training programs
    • Specific anti-fraud internal controls and fraud prevention processes

Contact us

Cornelia Bumbacea

Partner, Advisory Services

Ana Sebov

Forensics Leader

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