Untangle disputes with expertise.

Navigating commercial disputes is akin to unravelling a complex knot entwined with legal, financial, interpersonal, and operational intricacies. Untangling this knot demands patience, keen attention, specialized expertise, and effective techniques.

In the inevitable world of disputes, collobarate with Cerebra for resolving your conflict.

Navigating commercial disputes is akin to unravelling a complex knot entwined with legal, financial, interpersonal, and operational intricacies. Untangling this knot demands patience, keen attention, specialized expertise, and effective techniques. 

Commercial disputes are inevitable in business. Whether your company is entangled in the initial stages of conflict or embroiled in a high-stakes legal battle, the guidance of seasoned and technically proficient professionals is indispensable for achieving favorable resolutions. 

 At Cerebra, we offer comprehensive support to parties involved in commercial disputes. Our services encompass expert witness testimony, share valuation, and loss and damage calculations. Our objective is to deliver value to our clients by utilizing our investigative acumen and commercial intelligence to facilitate informed and strategic decision-making. 

In the event of your company becoming involved in a commercial dispute, our specialized team of fraud investigators harnesses their industry expertise to deliver forensic accounting services. This encompasses conducting thorough fraud investigations, calculating damages, providing litigation support, and advising on the litigation process. 

Our approach is tailored to each case’s specific facts and circumstances. At Cerebra, we go beyond mere numbers, offering comprehensive forensic accounting and expert witness services. Our focus extends to unravelling the complexities of economic and commercial matters, ensuring a deep understanding of the underlying facts. 

Our team of experts provides clarity on disputed issues throughout the process, from case discovery and assessment to strategy formulation, damage determination, and settlement negotiations. We actively support our clients by offering invaluable insights and recommendations. With extensive experience, our proficient experts adeptly present our findings in arbitration or mediation proceedings, ensuring effective representation of our clients’ interests.

Our dispute advisory services encompass the following: 

Expert Witness Services

Despite all efforts at reconciliation, the unresolved dispute may eventually end up in court. Our team specializes in understanding claims for damages and navigating complex issues such as lost profits, wasteful expenditures, contractual disputes, professional negligence, and contingent damage claims. 

We collaborate closely with both international and local legal counsel, enabling us to provide comprehensive support across jurisdictions and before international arbitration tribunals.  

Our areas of expertise include: 

  • Analyzing complex financial situations 
  • Offering expert opinions on IFRS (International Financial Reporting Standards) or US GAAP (Generally Accepted Accounting Principles) 
  • Calculation of losses and damages 
  • Valuation of businesses and shares

International Mediation 

Our team has extensive expertise in offering expert guidance during international arbitration proceedings, including those conducted under the International Chamber of Commerce (ICC). We excel in providing insightful advice on intricate accounting matters that arise within complex international disputes, ensuring informed decision-making and resolution. 

Mergers and Acquisitions

Our advisory extends to post-merger disputes and conflicts among shareholders stemming from misunderstandings of sale and purchase agreements. With a focus on clarity and precision, we navigate through these intricate issues, offering strategic guidance to mitigate risks and foster constructive resolutions.

Case Studies

All Case Studies

Cerebra uncovered fraudulent activities of three senior executives in hidden relationships with a dawn raid

A multinational energy company (the client) was concerned about the costs of services received from a supplier for a critical project managed by its Turkish subsidiary (the victim company). The client requested Cerebra to investigate the reasons for this budget overrun and the suspicions surrounding the general manager, financial affairs manager, and accounting manager of the victim company, as well as the supplier. 

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Cerebra supported the victim company to recover loss of EUR 815.000 by uncovering fraudulent activities

Our client, a multinational food company, contacted Cerebra through their law firm in Turkey. The client suspected that their sales manager in Turkey had secretly established a firm with a distributor and was diverting company sales to this new entity. They requested Cerebra to calculate the potential loss caused by these suspicious activities.

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Cerebra provided forensic accounting services to a plaintiff in a widely publicized case concerning a bank manager's misappropriation of funds

In a high-profile case known to the public as the Seçil Erzan incident, the law firm representing one of the bank customers (client or plaintiff) contacted Cerebra to request a forensic accounting analysis of the plaintiff's account transactions, including an analysis of transactions in all foreign currencies, and to uncover any potential suspicious activities. 

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Cerebra uncovered irregularities committed by an accounting manager using fake physical documents and journal entries

Our client, one of Turkey's leading real estate investment companies, suspected an employee in the accounting and administrative affairs department of committing irregularities on reported expenses. Cerebra was assigned to investigate these suspicions. 

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Cerebra proved the conflict of interest and bribery schemes between the sales manager and a business partner

A multinational company with production facilities and sales offices across several continents contacted us through a Turkish law firm they collaborate with, to investigate suspicions about a sales manager working at their Turkish office. The suspicion was a possible hidden relationship between the sales manager and one of the company's customers. 

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Cerebra uncovered a multifaceted fraud case perpetrated by an employee with a gambling addiction

Our client, a supplier to globally recognized textile brands in Turkey, reported suspicions regarding the activities of their administrative affairs officer. In the defense statement obtained in this context, the suspect admitted to irregularities in the sale of two company vehicles and falsifying with some offers and invoices.

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Cerebra identified the misconduct of a senior executive, leading to the recovery of USD 12 million worth of stolen assets

A family-owned company, ranked among Turkey's top 100 industrial firms, reached out to Cerebra. The company’s shareholders suspected that the senior executive in charge of international sales was involved in fraudulent activities related to discounts on significant transactions and requested Cerebra to investigate these suspicions. 

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Trusted by People

Ali Gürün

Sanmar Denizcilik Makina ve Ticaret A.Ş.

For forty-seven years, Sanmar has been manufacturing and supplying tugs to many countries around the world. The company builds vessels at its purpose-built, state-of-the-art Altinova and Tuzla shipyards, located in the heart of Turkey's shipbuilding industry. In addition, with its young fleet, trained and...

Sriram Ganeshan

Redington

We have engaged Cerebra across a wide spectrum of professional engagements including due-diligence, internal audits and process reviews. What stood out in each of the assignments was the involvement of team members with the necessary subject matter expertise. This brought in immense value...

Christopher H. Rising

Global Risk & Investigative Diligence, LLC - USA

Selecting Cerebra CPAs & Advisors to assist my firm and its clients proved to be one of the wisest decisions we have ever made. My firm was engaged by a global corporation based in the U.S. to conduct a complex fraud investigation involving its acquisition of a local company in Turkey.

Ufuk Kızıltan

Samet Kalıp ve Madeni Eşya San.ve Tic. A.Ş.

Samet Kalıp is the leading brand in the furniture accessories industry in Turkey and the world with its production facilities, extensive dealer structure and exports to more than 80 countries in five continents. As Samet Kalıp, we have been in close cooperation with Cerebra for many years on...

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