Asset tracing, Freezing Injunctions, Non-Party Disclosure

The one with the defendant claiming to have no money…

Service Type

Asset tracing
Freezing Injunctions
Non-Party Disclosure

Client Type

individual

Sector

real estate

Case Value

£1m - £5m

Advice provided to two investors were victims of fraud following their purchase of a commercial property.  Once judgment was obtained for the client for more than £2m, advice focussed on asset tracing.  The Defendant claimed to have no assets.  However, through a series of non-party disclosure applications in the High Court, the clients ascertained the whereabouts and value of assets held by the Defendant, totalling more than £1m.

These disclosure applications enabled the clients to obtain disclosure from more than ten third parties including pension funds, banks and the Land Registry.  A freezing injunction previously ordered in favour of the clients was extended to cover these assets.  This in time resulted in enforcement and recovery of a large proportion of the judgment debt.

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