This article looks at the practicalities of recovering assets on a global scale. With multiple jurisdictions and laws to consider creditors need to ensure a recovery strategy can be navigated.
Recovering assets in litigation is becoming increasingly more complex. This is due to the global scale of where assets could be located and the difference in country laws and procedures to recover these. We have noticed a significant increase in early enforcement becoming a key focus for creditors over the past 12 months in the UK – particularly where litigation funders are involved. Similarly, courts in the Caribbean region are showing themselves to be creditor friendly, with a willingness to consider alternate enforcement or protection remedies during the process. Asset recovery experts from across our member firm network share their experiences and knowledge around practical issues when recovering assets.