Asset Tracing & Recovery
Winning a case is not the final step in litigation. Globalization has facilitated the transfer and movement of assets to all parts of the world with each international jurisdiction enforcing their local laws and regulations. Accordingly, in today’s environment sophisticated wrongdoers or debtors are deploying complex financial vehicles to conceal the location and source of (misappropriated) assets. Thus, it is difficult to identify assets located across multiple jurisdictions and, moreover, it is complicated to obtain a favorable decision and enforce the recovery claim in these international jurisdictions. We regularly assist clients to trace and secure assets, as well as enforce judgments and arbitration awards, in Europe and abroad.
- Fraud claims
- Multi-jurisdictional and domestic asset tracing
- Freezing injunctions, in support of domestic and foreign proceedings
- Other injunctions, including search and seizure order, receivership and gagging orders
Our recent asset tracing & recovery experience includes:
- Acting for a Russian investor in respect to an asset tracing & recovery matter against former business partners
- Acting for an international bank in respect to asset tracing & recovery of approx. USD 40 million against a debtor in a range of jurisdictions, involving Switzerland, Russia, Cyprus, and Bulgaria
- Acting for a CIS investor in an asset recovery matter regarding the fraudulent actions of the local partner in Nigeria which resulted in a loss of over USD 50 million
- Represented a Ukrainian client in respect to recovery of approx.. USD 50 million of losses caused by corporate raiders in Ukraine
- Representing a CIS bank in respect to over USD 350 million asset tracing & recovery matter in Switzerland
- Represented a large Russian company in respect to the recovery of damages in excess of EUR 50 million caused by the fraudulent bankruptcy of Snoras Bank
