Strategic Research Sponsor of the American Bar Association's Section of International Law
Anthony Riem
Office:
4th Floor
90 Chancery Lane
WC2A 1EU
City:
London
Country:
England
Tel:
+44 20 7831 2691
Fax:
+44 20 7404 9435

Questions and Answers:

Who's Who Legal Thought Leaders: Asset Recovery

Anthony has specialised in international asset recovery for over 25 years and has a number of groundbreaking cases to his name which often involve obtaining freezing, search and disclosure orders in multiple proceedings at any one time. He acts for leading financial institutions and corporates. He is a founding member and chairman of the Commercial Fraud Lawyers Association and the English representative of FraudNet, the ICC network of international specialist asset recovery lawyers.

WHY DID YOU CHOOSE TO FOCUS YOUR PRACTICE ON ASSET RECOVERY AND INVESTIGATIONS WORK?

It is a fascinating area of work where no two cases are alike, and where you are in the privileged position of being able to provide cutting-edge solutions to complex international disputes.

WHAT ARE THE MAIN CHALLENGES CURRENTLY FACING PRACTITIONERS IN THE SECTOR?

Persuading victims of international fraud that effective steps can be taken to recover stolen assets.

HOW DOES THE PRACTICE GROUP AT PCB LITIGATION STAND OUT AMONG ITS COMPETITORS?

For the past 30 years PCB has focussed on international asset recovery. We have therefore built up a wealth of expertise and a worldwide network of specialists that we can call upon to solve the most complex of problems quickly and in a cost-effective manner.
Our team is recognised as containing three of the leading experts in the world, a concentration of expertise that no other firm can match.

YOU ARE A REPRESENTATIVE OF THE ICC’S FRAUDNET, HOW IMPORTANT ARE INTERNATIONAL NETWORKS AND ALLIANCES IN TRACING, FREEZING AND RECOVERING ASSETS?

Given the international nature of fraud, it is vital to work with specialists in other jurisdictions who have detailed knowledge of how their courts are likely to assist in a coordinated attack on the fraudster’s assets.

WHAT IMPACT HAS THE GROWTH OF LITIGATION FUNDING HAD ON THE NATURE AND SCOPE OF ASSET RECOVERY CASES?

There is a growing recognition that asset recovery cases provide funders with potentially considerable returns, provided they are prepared to invest in the investigation stage of a case, where the risk lies if assets have not been identified that can be frozen. Once assets have been frozen, this can often lead to a speedy settlement saving the costs of a protracted trial.

TO WHAT EXTENT HAS TECHNOLOGICAL INNOVATION, PARTICULARLY IN THE FIELD OF AI, CHANGED THE WAY IN WHICH ASSET RECOVERY IS APPROACHED?

Technological innovation has meant that the use of emails and social media is now often the gateway into identifying assets and the location of the fraudster.

HOW DO YOU SEE THE INTERNATIONAL ASSET RECOVERY LANDSCAPE DEVELOPING OVER THE NEXT FIVE YEARS?

There is a central legal issue as to whether a victim of fraud is not only able to freeze assets that are legally or beneficially owned by a fraudster but also assets which he or she otherwise controls. Further cases will clarify the legal position. It is also becoming more difficult to hide assets in many jurisdictions as regulations bite. Hiding assets in other less regulated jurisdictions becomes more difficult as banks and others may be less comfortable with entities incorporated in those jurisdictions.

WHAT ADVICE WOULD YOU GIVE TO YOUNGER ASSET RECOVERY PRACTITIONERS WHO ONE DAY HOPE TO BE IN YOUR POSITION?

This is a vocation, not a job. You must enjoy what you do as international asset recovery is an all-encompassing, time-consuming affair.

Practice Areas:

Follow us on LinkedIn

Practice Areas

Firms

Browse Firms

Search Firms

The Who's Who Legal 100

Awards

News & Features

Special Reports

Events

Shop

About Us

It is not possible to buy entry into any Who's Who Legal publication

Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.

Copyright © 2017 Law Business Research Ltd. All rights reserved. | http://www.lbresearch.com

87 Lancaster Road, London, W11 1QQ, UK | Tel: +44 20 7908 1180 / Fax: +44 207 229 6910

http://www.whoswholegal.com | editorial@whoswholegal.com

Law Business Research Ltd

87 Lancaster Road, London
W11 1QQ, UK