Introduction
Expanding Horizons: A Milestone MOU with CCi unleashes comprehensive expert services from dispute prevention to resolution in accounting firms.
Synergy
The synergy between CCi’s proficiency in claims analysis and Deloitte Anjin’s unique capabilities in data analysis and forensic accounting services has the potential to reduce corporate disputes and facilitate swift agreements. This collaboration is poised to establish a prominent role in the realm of international dispute resolution.
On October 31 2023, Deloitte Anjin LLC and Capital Consulting International (CCi) a Rimkus Company, a consulting firm specialising in global claims and dispute Resolution, headquartered in the United Kingdom announced a Memorandum of Understanding (MOU) for a partnership to accelerate the joint effort to broaden service offerings in the insurance sector and to enhance their range of expert services.
By virtue of this MOU, Deloitte Anjin and CCi have empowered themselves to offer comprehensive solutions for averting international disputes among Korean corporations. They achieve this by harnessing the synergy between CCi’s proficiency in delay and quantum analysis, as well as its insurance-related consulting expertise within the realm of claims and disputes support. In parallel, they leverage Deloitte Anjin’s strengths in data analytics and forensic accounting capabilities.
CCi, affiliated with Rimkus in the United States, boasts a vast global presence with branches in more than 21 countries and a team of over 300 experts. The company stands at the forefront of the industry when it comes to analysing construction delays and quantum matters, offering effective solutions for intricate construction claims and insurance-related challenges. CCi’s global services span various regions, including Europe and the United Kingdom, the Middle East, Australia and New Zealand, and Asia, encompassing projects in renewable energy plants, power generation initiatives, infrastructure construction delay analysis, quantum analysis, and insurance consulting.
Deloitte Anjin has been at the forefront of the industry, setting the standard for data analytics and forensic accounting since 2009. Notably, Deloitte Anjin has earned a strong reputation for its expertise in big data analytics, early case assessment, evidence management, and eDiscovery, all powered by cutting-edge forensic technology. These capabilities are extended to a wide range of industries including construction and pharmaceutical, where Deloitte Anjin consistently delivers top-notch services.
The Disputes Support Group of Deloitte Anjin is comprised of Korean experts and UK accountants with extensive knowledge and experience in both international/Korean construction projects and international arbitration cases. Additionally, Deloitte Anjin, as a holder of NCT (National Core Technology) certificate from the Ministry of Trade, Industry, and Energy in Korea, is allowed to effectively handle and securely store data related to NCT across a wide variety of industries, including the construction industry.
Insights
“We are the pioneering accounting firm to establish comprehensive capabilities for international dispute support. The integration of expert analysis along with legal counsel from attorneys is crucial in addressing the growing number of international disputes. Deloitte Anjin’s unmatched position has been attained by companies seeking advanced total service solutions within the realm of expert services.”
Group Leader, Deloitte Anjin Dispute Support Group
“Over the past few years, we’ve witnessed a surge in international construction claims and disputes, primarily driven by procurement delays and escalating construction material costs. Moreover, numerous companies engaged in global construction projects across various industries are grappling with challenges related to evidence review when faced with claims. Our collaboration with Deloitte Anjin will enable us to provide faster responses to international disputes.
Vice President – Business Development, CCi
Jaesung also stated, “With the signing of this MOU, we are poised to establish a comprehensive framework. We will deliver data-driven services encompassing delay analysis, quantum analysis, and forensic accounting for disputes, including those related to construction delays and prolongation costs in the global EPC (Engineering, Procurement and Construction) industry. Our commitment is to surpass expectations with our results”. Additionally, he noted, “Deloitte Anjin is set to offer a one-stop solution by broadening its service portfolio to include insurance dispute consulting services.”
The signing ceremony for the MOU was attended by Jaesung Lee, Group Leader of the Disputes Support Group at Deloitte Anjin, Stuart Baird, Vice President of Business Development at CCi, and other representatives from both companies.
Following the signing of the MOU, CCi and Deloitte Anjin plan to collaborate on various activities. This includes jointly hosting seminars both in Korea and abroad, as well as participating in global dispute events such as seminars organised by Global Arbitration Review (GAR) and London International Disputes Week (LIDW).
About CCi
CCi is an independent global consultancy whose experts advise the insurance and construction industries on delay/time, quantum/cost, technical, and project management issues. With more than 200 consultants operating from 21 offices worldwide, we bring clarity and resolution to some of the world’s largest and most complex insurance claims and construction disputes.
For more information about CCi, visit cci-int.com or connect with us on LinkedIn.
About Deloitte Anjin LLC
Deloitte Anjin Accounting Firm operates as a member firm within the globally renowned Deloitte Touche Tohmatsu Limited (DTTL), a part of Deloitte Asia Pacific, the world’s largest accounting and consulting group. Leveraging its expertise and experience, Deloitte Anjin is dedicated to delivering top-notch services that cater to customer needs. These services are cultivated through close-knit, collaborative relationships with Deloitte Asia Pacific and Deloitte Global. Furthermore, functioning as a management consulting organization, Deloitte Anjin boasts a workforce of over 2,500 experts. These professionals offer a comprehensive array of services, encompassing Accounting Audits, Tax Advisory, Consulting, Financial Advisory, and Risk Management in conjunction with Deloitte Consulting, an affiliated company.
About Deloitte Asia Pacific Limited
Deloitte Asia Pacific Limited operates as a member firm under the esteemed Deloitte Touche Tohmatsu Limited (DTTL), a global leader in professional services. The constituent firms within Deloitte Asia Pacific function as independent entities, committed to delivering the highest level of customer service. They operate autonomously in over 100 cities across the Asia Pacific region, including Auckland, Bangkok, Beijing, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Shanghai, Singapore, Sydney, Taipei, Tokyo, and Seoul.
About Deloitte Touche Tohmatsu Limited
Deloitte Touche Tohmatsu Limited (DTTL), a globally renowned professional service organization, places a strong emphasis on delivering the highest standard of customer service through a pragmatic approach to globalization and regional specialization. With a presence in over 150 countries, DTTL’s network comprises more than 400,000 professionals who offer comprehensive services in accounting audits, taxation, consulting, and financial guidance. Their annual revenue surpasses $59.3 billion (approximately 82.6819 trillion won), and over 80% of major international corporations, governmental entities, public institutions, and multinational enterprises benefit from Deloitte’s services.
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