The unexpected downfall of Emirati private equity firm Abraaj Group serves as a reminder that unforeseen legal troubles can often be right around the corner, underlining the importance of quick-thinking lawyers that can devise novel solutions to tricky issues while also being careful to independently verify the information clients provide before submitting it to a court.
No attorney wants to come face-to-face with a situation that involves a client being called out publicly for potential misconduct, but the truth is that almost every lawyer will experience something somewhat similar at some point in their career.
“I wish I could say that it wasn’t the case, but it has been the case,” said Howard Berkower, a corporate partner with McCarter & English LLP. “Such situations unfortunately come up more than I’d like to admit.”