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International assets require specialist skill to identify and secure. A fair and just outcome for our clients requires analysing which legal system gives them the right result and also that the judgment can be enforced against assets. Frequently it is difficult to locate assets if they are hidden behind corporations or trusts. We have extensive experience in choice of law issues, enforcement and understanding camouflage arrangements.Enquire Now
International Property - Scenario Analysis Example #1
Mr & Mrs A had a home in England where she mostly lived. She and her husband owned a villa in Spain where he now lived. He had a pension income from his former U.K employer and about £500,000 with a bank in Jersey. Mrs A thought there was a trust involved. She relied on his maintaining her. He was about to receive perhaps up to £1,000,000 from a buy-out of his former U.K employer.
The short-term step was to apply to the court to freeze the payment from the buy-out. Then whatever happened beyond our control Mrs A was likely to be fairly well safeguarded. That probably would be enough to ensure that her husband would co-operate with the English Courts process of disclosure. It gave us time to fully locate the assets, and to advise on a sensible proposal to try to resolve the matter by agreement.
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