8th IBA Asia Pacific Regional Forum Biennial Conference: Vibrant Asia – Land of opportunity and promise
19 Feb - 21 Feb 2025
Session information
Concurrent session 4B: Topics on cross border asset recovery
Friday 21 February (1330 - 1445)
Description
Asset recovery constitutes an essential component of a party’s litigation strategy. Planning for asset recovery early in the legal proceedings enables parties to minimise the risk of dissipation or concealment of assets by counterparties. This in turn increases the likelihood of a party achieving a successful litigation outcome through the recovery of rightfully owned assets. That said, asset recovery is fraught with challenges. This is especially so in the context of cross-border asset recovery where parties are required to navigate complex legal and jurisdictional hurdles that may impede the identification and tracing of assets. This session therefore seeks to address: (1) the key challenges in cross-border asset recovery; (2) the latest trends in cross-border asset recovery, including the recovery of digital assets like cryptocurrency; and (3) the way forward, including how cross-border asset recovery methods may be enhanced.
Session / Workshop Chair(s)
Joel Quek | WongPartnership LLP, Singapore, Singapore |
Speakers
Cosimo Borrelli | Kroll, Hong Kong, Hong Kong SAR |
Nitesh Jain | Trilegal, Mumbai, Maharashtra, India |
Saemee Kim | Lee & Ko, Seoul, South Korea |
Eva Sit SC | Hong Kong Bar Association, Hong Kong, Hong Kong SAR |
Jose Felix Zaldivar de la Rica | Uria Menendez, Madrid, Spain |
Fang Zhao | Hui Zhong Law Firm, Beijing, China |