HomeInternational Asset Tracing & Recovery Solicitors
Both organisations and individuals can face the illegal loss of property. Today, there are various legal avenues to recover assets. There are methods and mechanisms aimed at protecting property rights and restoring justice. This foundation fosters trust in the legal system and provides an opportunity for correcting mistakes and reinstating rights. Our asset recovery solicitors are ready to assist you in navigating the process to restore your property rights and justice.
What Is Asset Tracing And Recovery?
Asset tracking and recovery is an effective way to identify, detect, and freeze stolen assets. This tool is used to trace the complete transaction history of assets from their origin to their final destination. This is particularly important as, when filing a court claim regarding an asset search in London, it can help provide the necessary evidence to support your claim.
Complex cases of commercial fraud often involve the theft of money. Fraudsters will go to great lengths to conceal stolen funds and assets. They do this to ensure that no one can reclaim them once their scheme has concluded. Additionally, they are constantly devising new and innovative methods of laundering the proceeds. It is in such instances that the tracking and recovery of assets plays a critically important role.
If a fraud victim wants to be sure they can trace the money they believe was the subject of a crime and get it back, asset tracing is a critical step.
Asset Tracing Techniques We Use
To track and recover your assets requires significant expertise and knowledge. The asset tracing and recovery solicitors at Intercollegium possess the necessary know-how. We are fully acquainted with the challenges associated with asset recovery requests in the UK and other jurisdictions. To ensure effective operations, we employ the following methods:
- Gathering information. This is a critically important initial stage. It involves collecting all available data on the lost assets. This could include financial statements, bank statements, and court and arbitration decisions.
- Piercing the corporate veil. This step involves analysing corporate structures. It’s necessary to identify the actual owners of assets. It’s also needed to track hidden connections between various legal entities.
- Third party disclosures. Since third parties, including banks, estate agents, and consulting experts, often possess knowledge that the defendant may not have, they can play a pivotal role in asset recovery cases. If you need a third party to disclose information, you can apply to the court for a disclosure order. To ensure you receive effective assistance in obtaining such an order, it’s advisable to seek out professional solicitors who have experience in dealing with these matters.
- Third-party claims. With evidence of third-party involvement in the scheme at hand, you have an undeniable trump card. After all, you can file a lawsuit for fraud. Here, asset recovery services come in very handy.
To ensure the return of assets to their rightful owners, we approach each stage of this process with meticulous care. This requires a multitude of skills and legal expertise. Among these, diplomacy is one of the key skills. Negotiations are often necessary across numerous jurisdictions and legal systems. Therefore, our experts always keep abreast of all updates in the legislation of various countries. This is particularly crucial when facilitating international asset recovery.
How Long Does Process Take?
Many factors can significantly influence how long it will take to locate and recover assets. These include:
- the efficiency of law enforcement agencies and judicial systems;
- number of jurisdictions involved;
- possession of the relevant documentation;
- collaboration with third parties;
- the complexity of the matter.
The time it takes to resolve this issue can vary. In straightforward situations, the process might only take a few months. For instance, if all the necessary information is available and/or already in possession of the aggrieved party and the assets are located within a single jurisdiction. However, if the case is particularly complex, the procedure could take years. For example, if assets are hidden behind intricate company structures or spread across multiple countries. The speed at which judicial decisions are made and responses to requests for international legal assistance are received also plays a role.
As a result, the exact amount of time can vary significantly. It depends on the specific scenario. To ensure everything goes smoothly and swiftly, it’s important to have a plan. For this, the assistance of trusted solicitors will be required.
Our Experience in Asset Recovery
At Intercollegium, we provide comprehensive assistance with all matters related to asset recovery. Our services encompass a wide range of measures aimed at protecting and recovering unlawfully alienated assets, including:
- Freezing injunctions. Asset tracing and recovery solicitors assist in obtaining court orders that temporarily prohibit the disposal of assets. This prevents their further unlawful use or transfer until a final court decision is made.
- Asset tracking. We locate assets using modern methodologies and technologies. This aids in their return to the owners.
- Search warrants. Our team conducts investigations and resolves disputes through negotiations. We obtain court orders to protect our clients’ interests. We work with the courts to gain access to work with documents. This allows us to conduct searches and seize important documents necessary for the comprehensive protection of our clients’ property rights.
Measures to Prevent the Disposal of Misappropriated Assets
To assist those who have suffered losses due to fraud, there are various methods available. Our asset recovery solicitors can help prevent the dissipation of assets while civil litigation is ongoing.
A freezing injunction is one of the most powerful tools available. It can empower the imposition of a freeze on all types of assets – including property, land, shares, and bank accounts. It doesn’t matter whether they belong to the defendant and/or any third parties on their behalf. Court injunctions require the defendant to fully disclose information about all their assets. This is precisely why we recommend obtaining a freezing order to all our clients.
In the most serious instances of civil or commercial fraud, the court may issue a search and seizure order. This order permits the removal of items from the defendant’s property, particularly if there’s a significant risk that the stolen assets could be used in further fraudulent schemes.
Which of our lawyers work with Assets Recovery?
Dmytro Konovalenko, is a lawyer with many years of experience in dealing with the Interpol and financial crimes. Dmytro has successfully helped clients from Europe, Asia, the Far East.
Anatoliy Yarovyi, lawyer, Doctor of Laws. Anatoliy specializes in cases related to fraud, assets tracing and recovery.
Contact Asset Recovery Solicitor
Intercollegium comprises experienced solicitors who possess a comprehensive knowledge base across various fields and jurisdictions. We deal with cases involving asset recovery, the removal and protection against Interpol’s red notices, and are ready to defend the rights and interests of our clients.
We are well-versed in the nuances of working within both international and local jurisdictions, and are capable of unlocking assets. We employ a variety of strategies and tactics, based on the local legal system, to recover your property. For instance, we have means to freeze assets to prevent anyone from using them until a court decision is made; or to obtain special permissions for checking the presence and preservation of assets.
No matter whether you’re facing an issue with the loss of assets or you feel unjustly denied your rights, the experienced solicitors at Intercollegium are ready to provide you with the necessary support. We’ll discuss your issue together and certainly find a way to resolve it. Intercollegium is always ready to defend your rights.
FAQs
How to Get an INTERPOL Background Check?
To get an INTERPOL background check, it is necessary to submit your request to the Commission for the Control of INTERPOL (CCF). The request must meet Inteprol requirements. It is advisable to consult a lawyer who specializes in international law or criminal records. A lawyer can help you understand the requirements, ensure all necessary documents are correctly submitted, and assist in addressing any legal implications that may arise from the background check.
What Does INTERPOL Actually Do?
INTERPOL facilitates international police cooperation to combat transnational crime. It maintains crime databases, issues notices like Red Notices for arrest, coordinates international operations, provides training and resources, focuses on specific crimes with specialized units, operates a secure communication network, and assists in disaster response.
How Does INTERPOL Work?
INTERPOL operates by facilitating international law enforcement cooperation among its member countries. Each member country has an NCB (National Central Bureaus) that serves as the main point of contact with INTERPOL. Organization maintains databases on criminals, stolen property, missing persons, fingerprints, and DNA profiles, accessible to all member countries. INTERPOL issues various notices, such as Red Notices for locating and arresting individuals, and other notices for identifying persons or warning about criminal activities. It supports international operations, joint investigations, and provides specialized training and resources.
What is an INTERPOL Red Notice?
An INTERPOL Red Notice is a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action. It is issued at the request of a member country based on a valid national arrest warrant.
How do I challenge an Interpol Red Notice?
We can help you find out if you have a Red Notice. We can also make a preliminary request. It is often the case that, before being placed on the Interpol wanted list, a person, due to the existence of high profile or politically motivated criminal proceedings infected against them, admits to being placed on the red notice wanted Interpol red list. Given this fact, he is entitled to apply to the Commission for an advance. Upon receipt of information about a false or unconfirmed accusation, a special Interpol Red Notice advice may decide to remove the suspect from the Interpol red notice list. This helps to block Red Notice and prepare your defense. In addition, we can help you to prepare your case and appeal against your unlawful Red Notice. Interpol red notice investigation law firms can also provide Interpol red notice defense.
