EXCLUSIVE Child & Child goes bust and Senior Partner is out after Panama Papers scandal

RollOnFriday can reveal that the Senior Partner of Child Child, who was fined £45,000 by the Solicitors Disciplinary Tribunal, has left the firm. And that the firm has gone bust and been bought up by five partners and a private equity investor.

The Westminster private client firm was hugely embarrassed when Khalid Sharif’s lax approach to vetting clients was exposed in the Panama Papers scandal. Child Child had undertaken work for the daughters of Azerbaijan’s president, whose regime is suspected of being hugely corrupt. It wrongly stated in leaked records held by Panamanian firm Mossack Fonseca that the women had no political connections. Sharif’s due diligence failings, the SDT ruled in January, “led to a risk of large amounts of money being laundered”.

Sharif has since left the firm and it has now been placed into administration, facilitating a management buyout.

But only one of those details has been promoted by the firm. On 1 July,

... read more at: https://www.rollonfriday.com/news-content/exclusive-child-child-goes-bust-and-senior-partner-out-after-panama-papers-scandal

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