Client Alert January 26, 2024
- Free ports enable ultra-high-net-worth individuals to store, trade and transport assets, including artwork, with benefits of security, favorable tax and customs regulations and, often, privacy.
- However, free ports cannot mitigate threats to assets when authorities make allegations of misconduct and issue freezing or seizure orders.
- With a free port in Dubai under construction, UHNWIs and their advisors should contemplate proactive steps to protect their global portfolios.
Client Alert October 19, 2023
- As governments increasingly use sanctions as a geopolitical tool, ultra-high-net-worth individuals – including those with connections to Cyprus – are at risk.
- Cypriot officials and financial institutions have already taken steps to target certain individuals, even those who are not sanctioned.
- We explain pre-emptive steps at-risk individuals and their advisors can take to mitigate the risks and protect themselves.
Client Alert May 8, 2019
- International creditors continue to face significant challenges when monetizing claims against debtors based in the People's Republic of China.
- Actions such as a standalone freezing injunction can be used in English common law jurisdictions to freeze assets that are held by innocent third parties.
- Injunctions and receiverships can be made without giving notice to the debtor, bestowing the "element of surprise."
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