Update Asset Tracing & Recovery
Globalisation has opened up unsuspected possibilities for white-collar criminals to quickly spirit away gains from their fraudulent activities.
However, worldwide networking, in particular its technological possibilities, and cross-border cooperation between authorities now offer victims a greater chance of tracking down and recovering their assets, even in the most remote corners of the world.
In this context, banks in particular often get caught between the fronts of the various interests involved. But do Austrian banks really have to comply with the protection measures of foreign authorities? What role do law enforcement agencies play in the tracing of assets and how does the cooperation between the players of various legal systems function? Is it possible for a creditor to recover assets placed in Austrian foundations? How can a victim in Austria gain access to assets that have been removed to another country? In compact form, this early bird seminar illuminates these and other important questions of current practical interest relating to the challenges and possibilities of asset tracing & recovery.
Speaker:
Stefan Albiez, Partner
Gottfried Gassner, Partner