In recent years, parties in dispute across the world have beaten a path to London. The High Court of Justice and the London Court of International Arbitration have witnessed a number of battles between Russian oligarchs, alongside myriad complex economic disputes involving entities from all over the world. But the battle does not end when a decision is handed down – the successful party faces the issue of enforcement of financial redress. This is particularly daunting when assets may be scattered across multiple jurisdictions, when disputes carry overtones of deception or when they relate to obvious fraud. It takes a brave lawyer who advises a client to embark on an open asset tracing exercise when not armed with tangible prospects of recovery.
October 03, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
The battle for reclaiming assets is daunting and requires an expert team, strategy, persistence – and luck
In recent years, parties in dispute across the world have beaten a path to London. The High Court of Justice and the London Court of International Arbitration have witnessed a number of battles between Russian oligarchs, alongside myriad complex economic disputes involving entities from all over the world.
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