Over the years Legal Floris LLC built a strong and loyal base of global customers. This customer base contains individuals, businesses, and corporations. Due to the nature of our work, and the relationship with corporate service providers, financial advisors, tax planners, accountants and lawyers, most of our clients are introduced to us to help them cope with very specific financial and legal challenges.
A common feature of our clients is that they cannot afford to hire a high ticket firm and simultaneously need to avoid working with a generalist: they need specialist services for a reasonable price. The profile and experiences of our clients are summarized on our testimonials page and our clients refer our firm to their network on a regular basis, which clearly shows that we do our work with pride, confidence and strive for results.
The overall approach to limit the negative consequences of bank failure and investment fraud for our clients combines the current situation with future events governed by law. Many of our clients experience financial challenges caused by external circumstances like financial fraud, a bank run, closure of the bank, seizure of assets, and even theft. A swift solution to their situation is often required.
- Bank recovery services:
Financial institutions focussed on non-resident depositors and corporate offshore clients expose themselves to substantial money laundering risks. Regulatory fines do not always justify the magnitude of a scandal. During recent years, several financial institutions were forced into liquidation. Legal Floris LLC assist legitimate clients of such banks to recover their funds. Over the years our client portfolio accumulated to over 2.000 customers, in bank failures in Cyprus, Tanzania, Latvia, Estonia, The Netherlands, Belgium, Luxembourg, and Bermuda. Our customer claims in recent bank failures exceed 500 Million Euro. In addition, our customers invested over 200 Million Euro in obscure investment programs, before appointing Legal Floris LLC as their advisor. Participations we aim to recover for them.
- Bank account limitations and obstructions:
The hazards of non-resident deposits in bank accounts have been downplayed for years. Regulators force domestic financial institutions to improve their risk management and limit exposure to illicit, opaque and suspicious transactions and, unknown beneficial owners. As a result, international bank customers are subject to the scrutiny of customer profiles and transactions, and sometimes see their bank account canceled. Cancellation of a corporate bank account is a precarious process potentially leading to investigations, fines, and penalties in the home country of the beneficiary. Legal Floris LLC assists corporate customers to legitimately recover the funds from the canceled bank account and ensures that challenges with local and international tax authorities are avoided while addressing the CRS/FATCA information exchange protocols.
- Leveraged Buy-Out as debt recovery solution:
The last resort for our customer to receive payments of outstanding invoices was by offering the opponent a Leveraged Buy-Out of the shares in the company. A higher return as initially expected was achieved by the client. The model was perfected and lays the foundation for future ADR and settlement procedures.
- DSB Bank, bank failure, and bankruptcy:
Tampering with high premiums on term life insurance, overpriced mortgages and deferred annuities, and after the bank run initiated by Pieter Lakeman, DSB bank failed and had to file for bankruptcy in 2009. Until now many of the depositors of the bank recovered a substantial part of their assets. As often in bank failures, funds become available in tranches. Till the end, we stand by our clients to assist them to receive a full recovery and total compensation.
- Interest swap claims:
Corporate customers of Rabobank, ING and ABN AMRO were offered an exotic insurance product to protect themselves against the risk of increasing interest rates. Periodic premiums to cover the risk were fluctuating. Banks are negligent in their information towards customers who purchased these interest swaps. Together with the LIBOR rumblings, our customers have a strong case against the banks involved.
- Offset as a fund recovery mechanism:
Efforts to maximize customer payout in bank failures and investment fraud include alternative dispute resolution and other out of court settlements. After approval of the involved central banks, liquidators and when required the court, we offset assets belonging to the debtor and assign these to our clients.