MOLITOR is a leading Luxembourg player in view of the action of the investors in Luxembourg investment fund largely impacted by the Madoff fraud having a total estimated impact for this fund of more than USD 1 billion. MOLITOR is the correspondent in Luxembourg of the leading French law firm active on this subject and assisted notably: a major French Bank, a major French asset management company, a major European asset management company, and several groups of private investors.

MOLITOR is also active in several cases involving offshore funds with Luxembourg administration and central custody which are impacted by the Madoff fraud. Furthermore, MOLITOR has also advised an Italian pension fund which is trying to recover more than EUR 7,000,000.- lost through its relations with UCI (Undertakings for Collective Investment) involved in sub-primes mortgages.

MOLITOR has advised an international insurance company on the possible coverage resulting of a D&O insurance concluded between them and a bank as a result of losses incurred due to investments made by the bank through funds managed by Madoff.

MOLITOR is currently assisting several investors in the context of the judicial winding-up of a Luxembourg investment fund which lost most of its assets due to the Madoff scandal. Before the opening of the winding-up procedure, our law firm participated in summary proceedings aimed at obtaining the disclosure of certain documents and information from the protagonists involved in the management and supervision of the fund. MOLITOR contributed in recovering some vital documents, which helped to prepare claims for damages against the said protagonists.