Case study

The one with the
defendant claiming to have no money…

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.

  • Case Study
    £1m – £5m
  • Sector
    Real Estate
  • Service
    Asset tracing
  • Service
    Freezing Injunctions
  • Service
    Non-Party Disclosure

Contact details

Phone: 0121 796 4020

Email: hello@tenetlaw.co.uk

Fax: 0843 216 4240

Location

Tenet Compliance & Litigation Limited
10th Floor, Lyndon House, 62 Hagley Road, Birmingham, B16 8PE

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