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Asset Tracing and Recovery Review Asset Tracing and Recovery Review Fifth Edition Editor Robert Hunter lawreviews the asset tracing and recovery Review The Asset Tracing and Recovery Review Reproduced with permission from Law Business Research Ltd. This article was first published in The Asset Tracing and Recovery Review, - Edition 5 (published in October 2017 – editor Robert Hunter) For further information please email [email protected] Asset Tracing and Recovery Review Fifth Edition Editor Robert Hunter lawreviews PUBLISHER Gideon Roberton SENIOR BUSINESS DEVELOPMENT MANAGER Nick Barette BUSINESS DEVELOPMENT MANAGERS Thomas Lee, Joel Woods ACCOUNT MANAGERS Pere Aspinall, Sophie Emberson, Laura Lynas, Jack Bagnall PRODUCT MARKETING EXECUTIVE Rebecca Mogridge RESEARCHER Arthur Hunter EDITORIAL COORDINATOR Gavin Jordan HEAD OF PRODUCTION Adam Myers PRODUCTION EDITOR Claire Ancell SUBEDITOR Simon Tyrie CHIEF EXECUTIVE OFFICER Paul Howarth Published in the United Kingdom by Law Business Research Ltd, London 87 Lancaster Road, London, W11 1QQ, UK © 2017 Law Business Research Ltd www.TheLawReviews.co.uk No photocopying: copyright licences do not apply. The information provided in this publication is general and may not apply in a specific situation, nor does it necessarily represent the views of authors’ firms or their clients. Legal advice should always be sought before taking any legal action based on the information provided. The publishers accept no responsibility for any acts or omissions contained herein. Although the information provided is accurate as of September 2017, be advised that this is a developing area. Enquiries concerning reproduction should be sent to Law Business Research, at the address above. Enquiries concerning editorial content should be directed to the Publisher – [email protected] ISBN 978-1-910813-83-6 Printed in Great Britain by Encompass Print Solutions, Derbyshire Tel: 0844 2480 112 lawreviews THE MERGERS AND ACQUISITIONS REVIEW THE RESTRUCTURING REVIEW THE PRIVATE COMPETITION ENFORCEMENT REVIEW THE DISPUTE RESOLUTION REVIEW THE EMPLOYMENT LAW REVIEW THE PUBLIC COMPETITION ENFORCEMENT REVIEW THE BANKING REGULATION REVIEW THE INTERNATIONAL ARBITRATION REVIEW THE MERGER CONTROL REVIEW THE TECHNOLOGY, MEDIA AND TELECOMMUNICATIONS REVIEW THE INWARD INVESTMENT AND INTERNATIONAL TAXATION REVIEW THE CORPORATE GOVERNANCE REVIEW THE CORPORATE IMMIGRATION REVIEW THE INTERNATIONAL INVESTIGATIONS REVIEW THE PROJECTS AND CONSTRUCTION REVIEW THE INTERNATIONAL CAPITAL MARKETS REVIEW THE REAL ESTATE LAW REVIEW THE PRIVATE EQUITY REVIEW THE ENERGY REGULATION AND MARKETS REVIEW THE INTELLECTUAL PROPERTY REVIEW THE ASSET MANAGEMENT REVIEW THE PRIVATE WEALTH AND PRIVATE CLIENT REVIEW THE MINING LAW REVIEW THE EXECUTIVE REMUNERATION REVIEW THE ANTI-BRIBERY AND ANTI-CORRUPTION REVIEW THE CARTELS AND LENIENCY REVIEW THE TAX DISPUTES AND LITIGATION REVIEW THE LIFE SCIENCES LAW REVIEW THE INSURANCE AND REINSURANCE LAW REVIEW THE GOVERNMENT PROCUREMENT REVIEW THE DOMINANCE AND MONOPOLIES REVIEW THE AVIATION LAW REVIEW THE FOREIGN INVESTMENT REGULATION REVIEW THE ASSET TRACING AND RECOVERY REVIEW THE INSOLVENCY REVIEW THE OIL AND GAS LAW REVIEW THE FRANCHISE LAW REVIEW THE PRODUCT REGULATION AND LIABILITY REVIEW THE SHIPPING LAW REVIEW THE ACQUISITION AND LEVERAGED FINANCE REVIEW THE PRIVACY, DATA PROTECTION AND CYBERSECURITY LAW REVIEW THE PUBLIC–PRIVATE PARTNERSHIP LAW REVIEW THE TRANSPORT FINANCE LAW REVIEW THE SECURITIES LITIGATION REVIEW THE LENDING AND SECURED FINANCE REVIEW THE INTERNATIONAL TRADE LAW REVIEW THE SPORTS LAW REVIEW THE INVESTMENT TREATY ARBITRATION REVIEW THE GAMBLING LAW REVIEW THE INTELLECTUAL PROPERTY AND ANTITRUST REVIEW THE REAL ESTATE M&A AND PRIVATE EQUITY REVIEW THE SHAREHOLDER RIGHTS AND ACTIVISM REVIEW THE ISLAMIC FINANCE AND MARKETS LAW REVIEW THE ENVIRONMENT AND CLIMATE CHANGE LAW REVIEW THE CONSUMER FINANCE LAW REVIEW THE INITIAL PUBLIC OFFERINGS REVIEW THE CLASS ACTIONS LAW REVIEW THE TRANSFER PRICING LAW REVIEW THE BANKING LITIGATION LAW REVIEW THE HEALTHCARE LAW REVIEW ACKNOWLEDGEMENTS The publisher acknowledges and thanks the following law firms for their learned assistance throughout the preparation of this book: ADVOKATFIRMAN VINGE KB ALLEN & OVERY LLP ALLENS ARENDT & MEDERNACH ASBZ ADVOGADOS BAKER MCKENZIE BAKER & PARTNERS BARROW & WILLIAMS LLP BHARUCHA & PARTNERS BINDER GRÖSSWANG RECHTSANWÄLTE GMBH DILLON EUSTACE DONALD MANASSE LAW OFFICES EDMONDS MARSHALL MCMAHON LTD GASSER PARTNER ATTORNEYS AT LAW GOVERNANCE LATAM GRIFFITHS & PARTNERS HASHIDATE LAW OFFICE HOGAN LOVELLS IVANYAN & PARTNERS KIM & CHANG KOBRE & KIM LAW OFFICE OF TOMISLAV ŠUNJKA i Acknowledgements LENNOX PATON LENZ & STAEHELIN METIS RECHTSANWÄLTE LLP MICHAEL KYPRIANOU & CO LLC PÉREZ-LLORCA PRIETO CABRERA & ASOCIADOS SRL ROGÉRIO ALVES & ASSOCIADOS – SOCIEDADE DE ADVOGADOS RL STEPTOE & JOHNSON LLP STIBBE STUDIO LEGALE PISANO TAN KOK QUAN PARTNERSHIP TRIAY & TRIAY ii CONTENTS PREFACE ��������������������������������������������������������������������������������������������������������������������������������������������������������� vii Robert Hunter Chapter 1 ARGENTINA ........................................................................................................................1 Guillermo Jorge Chapter 2 AUSTRALIA ........................................................................................................................14 Christopher Prestwich Chapter 3 AUSTRIA �����������������������������������������������������������������������������������������������������������������������������29 Stefan Albiez and Thomas Hartl Chapter 4 BAHAMAS ..........................................................................................................................40 Simone Fitzcharles Chapter 5 BELGIUM ...........................................................................................................................59 Hans Van Bavel and Tobe Inghelbrecht Chapter 6 BELIZE ................................................................................................................................72 Nigel Ebanks Chapter 7 BRAZIL ................................................................................................................................83 Leonardo Adriano Ribeiro Dias and Aitan Canuto Cosenza Portela Chapter 8 BRITISH VIRGIN ISLANDS ...........................................................................................93 Tim Prudhoe and Alexander W Heylin Chapter 9 CANADA ...........................................................................................................................109 John J Pirie, Matthew J Latella, David Gadsden and Michael Nowina Chapter 10 CYPRUS .............................................................................................................................126 Menelaos Kyprianou iii Contents Chapter 11 DOMINICAN REPUBLIC ���������������������������������������������������������������������������������������������136 Aimee Prieto Chapter 12 ENGLAND AND WALES ...............................................................................................144 Robert Hunter and Jack Walsh Chapter 13 GERMANY ........................................................................................................................167 Florian Wettner Chapter 14 GIBRALTAR ......................................................................................................................180 Charles Simpson Chapter 15 HONG KONG .................................................................................................................191 Randall Arthur, Joyce Xiang and Calvin Koo Chapter 16 INDIA ................................................................................................................................205 Justin Bharucha Chapter 17 IRELAND ..........................................................................................................................217 Peter Bredin, Jamie Ensor and Keith Robinson Chapter 18 ITALY .................................................................................................................................233 Roberto Pisano, Valeria Acca and Chiara Cimino Chapter 19 JAPAN ................................................................................................................................244 Kenji Hashidate, Takahiro Mikami, Michihiro Matsumoto, Makoto Sato and Kaoru Akeda Chapter 20 JERSEY ...............................................................................................................................258 Stephen Baker Chapter 21 KOREA ..............................................................................................................................272 Michael S Kim, Robin J Baik, S Nathan Park and Chiyong Rim Chapter 22 LIECHTENSTEIN �����������������������������������������������������������������������������������������������������������281 Thomas Nigg Chapter 23 LUXEMBOURG ...............................................................................................................290 François Kremer and Ariel Devillers iv Contents Chapter 24 MEXICO ...........................................................................................................................303 Juan Francisco Torres-Landa Ruffo, Luis Omar Guerrero Rodríguez, Jorge Francisco Valdés King, Jacobo Enrique Rueda Fernández and Eduardo Lobatón Guzmán Chapter 25 MONACO �������������������������������������������������������������������������������������������������������������������������316
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