BakerHostetler has “real depth and breadth of knowledge in cross-border fraud and asset recovery.”
– Legal 500
BakerHostetler’s Global Fraud and International Asset Tracing and Recovery team is recognized worldwide for its unprecedented success in international asset recovery. Over the past decade, the team has recovered tens of billions of dollars, created new law and been on the vanguard of this practice area.
Modern asset tracing and recovery efforts are multijurisdictional endeavors that require a keen familiarity with foreign legal systems and strong relationships with foreign legal experts. Our team is armed with profound depth of expertise in myriad jurisdictions – common law and civil law alike – and uses commercial and international litigators, insolvency practitioners, former prosecutors and tax attorneys to untangle complex frauds. As fraudsters utilize increasingly sophisticated tools and resources to hide assets, so too has our team developed new tactics, reinforced by out-of-the box thinking and creative solutions, to stay one step ahead. Our professionals are experts at deconstructing the complex tax structures, corporate shells and illegal trusts used to move money abroad and are relentless in their pursuit of recoveries.
The Global Fraud and International Asset Tracing and Recovery team at BakerHostetler has successfully represented its clients in hundreds of high-profile matters involving multiple jurisdictions and hundreds of millions of dollars. Our clients are our top priority. We protect their interests and their assets by rapidly responding to the discovery of misappropriated assets and acting as cost-effectively as possible, with a strong focus on crisis management. This team utilizes powerful tools such as asset freeze orders and other prejudgment remedies; discrete but calculated methods of discovering concealed assets and beneficial ownership information; insolvency remedies, piercing sophisticated offshore trusts and structures; negotiating and obtaining discovery across varying privacy regimes; multilateral cooperation agreements and international conventions; tax treaties; and even bringing direct claims against wrongdoers and third-party facilitators. In addition to handling some of the biggest cases in the world, the team has worked for and against some of the biggest companies in the world. Likewise, the team has both worked for sovereign entities and helped clients collect against sovereign entities.
Who’s Who Legal recognizes only 30 to 40 asset recovery attorneys in the United States each year. One of BakerHostetler’s team leaders, Oren Warshavsky, and two other team members, Gonzalo Zeballos and Brian Bash, have been among that group for the better part of the last decade.