UK insolvency law – an aid to international asset tracing & recovery

UK insolvency law can be extremely useful when tracing and recovering assets from foreign jurisdictions. James Earp and Nick Wood of Grant Thornton’s Fraud Division outline the reasons, how a claim against a foreign company or individual can be engineered from the UK and conclude with a case study.

Nick Wood, partner at Grant Thornton and member of the Fraud Insolvency Division (FIND), tel: +44(0) 870 991 2459, email: nick.s.wood@gtuk.com

Increasingly, victims of fraud bring actions in the UK jurisdiction in order to recover assets hidden outside the UK. There are three main reasons: