“The process of recovering debts can be extremely challenging, particularly when the individual debtor in question is sophisticated, and holds assets in multiple jurisdictions around the world. The legal process of asset sequestration, or seizure, differs markedly depending on which country or legal system is governing the courts in question. There are powerful tools available to help to locate, freeze and recover international assets from a judgment debtor, which can be utilised before a judgment has been won, but there are tough standards.” *
* in “International Asset Sequestration”
Filipa Godinho, lawyer at Valadas Coriel & Associados along with IR Global members from Taiwan, USA, Italy, Switzerland, Luxembourg or Brazil, among others, contributed to the discussion on how to achieve effective judgement awards, from IR’s Private Client Working Group.
Read “International Asset Sequestration” full discussion here: