Asset Recovery & Global Enforcement
Proven team helping you to trace and recover assets throughout Central and Eastern Europe and beyond
We understand the complexities of Asset Recovery
Our experienced asset recovery lawyers understand the interplay of criminal, administrative and civil measures to recover assets and advise on the enforcement of foreign civil or criminal judgements and injunctions.
Most asset recovery cases in our world today involve fraud, often due to weaknesses in regulatory compliance and other internal controls.
Essentially, anyone can become a victim of fraud, be it an individual or a multi-dollar company. Currently, losses due to fraud and error in any organisation are expected to be at least 3%, probably closer to 6.5%, and possibly more than 10%.1
In fact, since the beginning of the COVID-19 pandemic, overall fraud has increased by more than 51% and further increases are expected in areas such as cyberfraud, employee embezzlement, bribery, and corruption.
The economic crisis was certainly a catalyst for an increase in general fraud, and any time there is financial gain to be had from fraud, Asset Recovery comes into play. There of course can be other reasons why a party would owe money and try to hide it, thus forcing one to chase it. The tricky part is that funds can be anywhere, making it essential for action to be taken quickly and decisively.
1 The financial cost of fraud 2021, The Latest data from around the world, Jim Gee and Professor Mark Button
Key experts
Our services
All the members of our Asset Recovery team are highly experienced litigation lawyers. Furthermore, our team has mastered and works closely with other key areas of Wolf Theiss with regard to the following legal services:
- Asset Tracing
- Claims of all sorts to recover assets
- Freezing injunctions in support of civil (foreign) or criminal proceedings
- Enforcement and recognition of judgments and arbitral awards
- Defeating asset-protection strategies and recovering assets from complex oversea trust structures
- Coordination of proceedings in multiple jurisdictions
- Enforcement of Non-Performing Loans
- Contentious insolvencies and restructurings
- Cross-border insolvencies
- Cybercrime
- Sanctions
We use a wide range of powerful tools to support the tracing, identification, freezing, and recovery of all types of assets belonging to our clients. Given that we consistently work in large teams of international lawyers, we have unique relationships with private investigators, private intelligence companies, asset tracing providers and other litigation services providers. Where appropriate, we work with litigation funders selected by our clients and we may support clients in identifying potential funding providers in the CEE/SEE region.
International Networks
Wolf Theiss is a member of the International Fraud Group (IFG), a leading worldwide network of lawyers specialised in asset tracing and recovery.
https://www.internationalfraudgroup.com/
Freezing assets on a global scale
Representing a global financial institution against its former shareholders, including an injunction for assets valued at over USD370 million against the defendants.
Combating high-stakes fraud in the oil industry
Advising a Fortune Global 500 commodity trading and mining company in a multi-million-dollar dispute following fraud related to oil deliveries.
Successfully defending clients in “Fake President” fraud cases
Representing a leading aerospace company of innovative composite systems in one of the biggest fake president frauds worldwide.
Successful recovery of crypto assets
Advising and representing a leading real estate company in a major fraud involving crypto assets in multiple jurisdictions.
Effective global enforcement
Advising the US investment management company in a USD 5 billion case regarding the enforcement of the bondholder’s rights.
What others say about us
“Highly professional team of litigation lawyers, offering a good knowledge of the local judicial system and highly efficient guidance throughout the entire proceedings.”
– The Legal 500
“The team is detailed, efficient, and creative in addressing our needs. It works seamlessly together and delivers on expectations. Wolf Theiss has great resources and the team is available as soon as needed which is imperative in time sensitive matters.”
– The Legal 500
“Wolf Theiss is a large international law firm with partner law firms in numerous European countries, complex issues relating to different legal areas as well as cases with a foreign connection can be processed quickly and efficiently.”
– Chambers & Partners
Get in touch
Whether you need an international team with extensive experience, Wolf Theiss can support your business goals through our profound legal practice.
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Wolf Theiss - Leading Lawyers in CEE&SEE
Accessibility Statement
- www.wolftheiss.com
- 2 December 2023
Compliance status
We firmly believe that the internet should be available and accessible to anyone, and are committed to providing a website that is accessible to the widest possible audience, regardless of circumstance and ability. To fulfill this, we aim to adhere as strictly as possible to the World Wide Web Consortium’s (W3C) Web Content Accessibility Guidelines 2.1 (WCAG 2.1) at the AA level. These guidelines explain how to make web content accessible to people with a wide array of disabilities. Complying with those guidelines helps us ensure that the website is accessible to all people: blind people, people with motor impairments, visual impairment, cognitive disabilities, and more. This website utilizes various technologies that are meant to make it as accessible as possible at all times. We utilize an accessibility interface that allows persons with specific disabilities to adjust the website’s UI (user interface) and design it to their personal needs. Additionally, the website utilizes an AI-based application that runs in the background and optimizes its accessibility level constantly. This application remediates the website’s HTML, adapts Its functionality and behavior for screen-readers used by the blind users, and for keyboard functions used by individuals with motor impairments. If you’ve found a malfunction or have ideas for improvement, we’ll be happy to hear from you. You can reach out to the website’s operators by using the following emailScreen-reader and keyboard navigation
Our website implements the ARIA attributes (Accessible Rich Internet Applications) technique, alongside various different behavioral changes, to ensure blind users visiting with screen-readers are able to read, comprehend, and enjoy the website’s functions. As soon as a user with a screen-reader enters your site, they immediately receive a prompt to enter the Screen-Reader Profile so they can browse and operate your site effectively. Here’s how our website covers some of the most important screen-reader requirements, alongside console screenshots of code examples:- Screen-reader optimization: we run a background process that learns the website’s components from top to bottom, to ensure ongoing compliance even when updating the website. In this process, we provide screen-readers with meaningful data using the ARIA set of attributes. For example, we provide accurate form labels; descriptions for actionable icons (social media icons, search icons, cart icons, etc.); validation guidance for form inputs; element roles such as buttons, menus, modal dialogues (popups), and others. Additionally, the background process scans all of the website’s images and provides an accurate and meaningful image-object-recognition-based description as an ALT (alternate text) tag for images that are not described. It will also extract texts that are embedded within the image, using an OCR (optical character recognition) technology. To turn on screen-reader adjustments at any time, users need only to press the Alt+1 keyboard combination. Screen-reader users also get automatic announcements to turn the Screen-reader mode on as soon as they enter the website.These adjustments are compatible with all popular screen readers, including JAWS and NVDA.
- Keyboard navigation optimization: The background process also adjusts the website’s HTML, and adds various behaviors using JavaScript code to make the website operable by the keyboard. This includes the ability to navigate the website using the Tab and Shift+Tab keys, operate dropdowns with the arrow keys, close them with Esc, trigger buttons and links using the Enter key, navigate between radio and checkbox elements using the arrow keys, and fill them in with the Spacebar or Enter key.Additionally, keyboard users will find quick-navigation and content-skip menus, available at any time by clicking Alt+1, or as the first elements of the site while navigating with the keyboard. The background process also handles triggered popups by moving the keyboard focus towards them as soon as they appear, and not allow the focus drift outside of it.Users can also use shortcuts such as “M” (menus), “H” (headings), “F” (forms), “B” (buttons), and “G” (graphics) to jump to specific elements.
Disability profiles supported in our website
- Epilepsy Safe Mode: this profile enables people with epilepsy to use the website safely by eliminating the risk of seizures that result from flashing or blinking animations and risky color combinations.
- Visually Impaired Mode: this mode adjusts the website for the convenience of users with visual impairments such as Degrading Eyesight, Tunnel Vision, Cataract, Glaucoma, and others.
- Cognitive Disability Mode: this mode provides different assistive options to help users with cognitive impairments such as Dyslexia, Autism, CVA, and others, to focus on the essential elements of the website more easily.
- ADHD Friendly Mode: this mode helps users with ADHD and Neurodevelopmental disorders to read, browse, and focus on the main website elements more easily while significantly reducing distractions.
- Blindness Mode: this mode configures the website to be compatible with screen-readers such as JAWS, NVDA, VoiceOver, and TalkBack. A screen-reader is software for blind users that is installed on a computer and smartphone, and websites must be compatible with it.
- Keyboard Navigation Profile (Motor-Impaired): this profile enables motor-impaired persons to operate the website using the keyboard Tab, Shift+Tab, and the Enter keys. Users can also use shortcuts such as “M” (menus), “H” (headings), “F” (forms), “B” (buttons), and “G” (graphics) to jump to specific elements.
Additional UI, design, and readability adjustments
- Font adjustments – users, can increase and decrease its size, change its family (type), adjust the spacing, alignment, line height, and more.
- Color adjustments – users can select various color contrast profiles such as light, dark, inverted, and monochrome. Additionally, users can swap color schemes of titles, texts, and backgrounds, with over 7 different coloring options.
- Animations – epileptic users can stop all running animations with the click of a button. Animations controlled by the interface include videos, GIFs, and CSS flashing transitions.
- Content highlighting – users can choose to emphasize important elements such as links and titles. They can also choose to highlight focused or hovered elements only.
- Audio muting – users with hearing devices may experience headaches or other issues due to automatic audio playing. This option lets users mute the entire website instantly.
- Cognitive disorders – we utilize a search engine that is linked to Wikipedia and Wiktionary, allowing people with cognitive disorders to decipher meanings of phrases, initials, slang, and others.
- Additional functions – we provide users the option to change cursor color and size, use a printing mode, enable a virtual keyboard, and many other functions.