News | May 8, 2026
A recent study by Tatyana Avilova, Economist at Secretariat has been selected by the Editor of JAMA Health Forum as an Editor’s Choice: Clinical Trial of 2025.
Loss of Profit Assessment Resulting from Tax Shelter Involvement
Background
Calculation of potential damages to a Company resulting from its involvement in a tax shelter.
Our Role
Secretariat professionals were engaged by a Major Wall Street Investment Bank in a dispute with a Fortune 500 Corporation resulting from a tax shelter provided by the Bank and to assess the alleged damages claimed by the Corporation.
Outcome
The analysis required an understanding of two foreign partnerships, including the flow of funds, profits and losses, nature and characteristics of the financial instruments bought and sold, economic relationship between the partners, use of interest rate swaps as hedging strategies employed by the individual partners, ability of the partnerships to hedge certain business risks and ultimately damages. The results of our analysis led to a successful settlement for our client.
Latest Insights
News | May 8, 2026
Secretariat Experts Recognized in Lexology’s 2026 Investigations Report
Ten of Secretariat experts have been recognized in the Lexology Index 2026 Investigations report, produced in partnership with Global Investigations Review. The guide highlights leading investigations lawyers, digital forensic specialists, and forensic accountants who are trusted to support the most demanding matters worldwide.
Article | May 5, 2026
AI is rapidly reshaping how financial institutions in Latin America approach compliance, shifting from reactive monitoring to proactive financial crime detection. Advanced AI platforms specialized in crime detection enable banks to process vast datasets, identify anomalous behaviors, and map hidden relationships across accounts and jurisdictions. This is particularly relevant in a region characterized by complex cross-border flows, uneven regulatory enforcement, and significant exposure to illicit economies.