Asset Tracing

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There are a variety of circumstances under which we trace assets. You may be considering legal action and wish to know whether it is worth the cost of litigation. You may have successfully obtained a judgment and now wish to enforce it. You may have taken — or be considering — a guarantee against assets and therefore wish to verify their existence. In such cases we provide the information that enables you to take appropriate action.

Most asset tracing assignments involve research across a number of jurisdictions. They often involve inquiries in offshore locations where public information is limited. In such cases we rely on our network of contacts who may be able to provide useful information by virtue of their knowledge of the locality and its people.

Case studies

A group of creditors from a failed company asked us to search for hidden assets. Our investigation centred on Europe, offshore jurisdictions and emerging market countries. We identified tens of millions of dollars that had been moved through shell companies.

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A Middle East bank extended credit to a US client who used it to conduct trades. When losses began to mount, the bank decided to enforce a personal guarantee. The client claimed not to have assets to meet the guarantee. Bishop International’s investigation identified several significant properties across the US as well as a property in Europe housing a collection of high-value art. As a result the bank was able to negotiate payment.

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A major international bank had bought a small bank in the Middle East. Following the acquisition the buyer discovered that the value had been misrepresented and that the acquired institution was worth only half of what had been paid. Before initiating proceedings, the international bank wanted to know if the seller still had sufficient assets to make litigation worthwhile. Bishop International confirmed the existence of assets, giving the international bank the motivation to act and eventually win a significant arbitration award.