International Judgment Enforcement & Offshore Asset Recovery

Kobre & Kim has worked as enforcement counsel on the two largest international arbitration award enforcement projects in the world. As the only firm able to deliver the full spectrum of global asset recovery services, our team has been featured on the cover of The Wall Street Journal and recognized repeatedly in legal industry publications as one of the most highly regarded judgment enforcement/asset recovery firms.

Publications April 3, 2023

Jalil Asif KC, Peter Tyers-Smith and Ilona Groark Pen ICLG Chapter on Enforcing Foreign Judgments in Cayman

The Cayman Islands is a key offshore jurisdiction for judgment creditors in cross-border enforcement campaigns. Kobre & Kim’s Cayman-based Jalil Asif KC, Peter Tyers-Smith and Ilona Groark detailed the main insights in the jurisdiction for creditors in a chapter of International Comparative Legal Guide’s “Enforcement of Foreign Judgments 2023.”

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Firm News March 31, 2023

Kobre & Kim Scores Win for MLB in Judgment-Enforcement Proceeding

In a win for Kobre & Kim client Major League Baseball Properties, Inc., a federal court has ordered a Dominican broadcasting company and its New York affiliate to turn over various kinds of property to MLB, including bank account funds in New York and the Dominican Republic, certain contractual payment rights, and a helicopter.

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Events March 30, 2023

Jef Klazen Explores Arbitral Award Enforcement Against Sovereigns During 2023 Paris Arbitration Week

More global investors are engaging in investor-state arbitration to resolve disputes, but the trouble often begins once they win an award. Many sovereigns deploy their unique powers to do everything they can to avoid payment, so investors need to think creatively if they want to successfully enforce their arbitral award. Kobre & Kim’s Jef Klazen, who focuses on international asset recovery and the enforcement of judgments and awards, discusses during the Paris Arbitration Week on a session at 10:00 am local time, March 31, 2023.

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Client Alert March 29, 2023

Global Creditors Can Successfully Fight Fraudulent Conveyance in Dubai

  • As a key economic center in the region, the United Arab Emirates (UAE) is increasingly the place where many international creditors go as they pursue their debtor’s assets.
  • However, some recalcitrant debtors may try to transfer their assets away to avoid payment in a fraudulent transfer.
  • Our team explores what strategies are available in the UAE to restore a creditor’s interests.

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Events February 23, 2023

John Han Examines Global Asset Recovery at 7th IBA Asia Pacific Regional Forum Biennial Conference

Asset recovery is a crucial service to provide for creditors and claimants, including across the Asia Pacific region – but it is becoming an increasingly complicated endeavor. Kobre & Kim’s John Han, who focuses on the monetization and demonetization of debt instruments, claims, judgments and arbitral awards, unpacked the latest developments in global asset recovery at the 7th IBA Asia Pacific Regional Forum Biennial Conference in Singapore in a session at 1:45 pm local time, Thursday February 23, 2023.

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Accolades February 16, 2023

Chambers Global 2023 Recognizes Kobre & Kim and Multiple Global Lawyers

In recognition of our strong cross-border capabilities and deep bench of talent, Chambers & Partners listed Kobre & Kim and several lawyers around the world in their latest Global Guide rankings.

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Publications February 8, 2023

Nick Cherryman Quoted in Financial Times and Law360 on UK Win in Award Enforcement Case Against Spain

Coming amid uncertainty for renewable investors and a global legal debate in the wake of the Court of Justice of the European Union’s (CJEU) Achmea and Komstroy decisions, the UK High Court rejected the European Commission’s attempt to intervene in two renewable energy investors’ US $101 million arbitral award enforcement case against Spain in a win for the investors. The Financial Times and Law360 quoted Kobre & Kim’s Nick Cherryman, who represents the lead award in this dispute, on the development.

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Client Alert January 25, 2023

Achieving High Returns from Sovereign & States Disputes

  • A coming global economic downturn will put sovereign debt under pressure.
  • It may appear near impossible for creditors and investors to enforce this debt against sovereigns, but those who succeed can see extraordinary returns.
  • We explain how deploying creative cross-border strategies can overcome the toughest sovereign debtors and unlock the key to success.

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Events January 17, 2023

Andrew Stafford KC Explores Challenges of Enforcing Arbitral Awards Against State-Owned Entities

With more companies in the energy and other industries bringing arbitrations against state-owned entities, what are the unique challenges that come when it is time to enforce the resulting awards? Kobre & Kim’s Andrew Stafford KC, who focuses on complex international enforcement against sovereign judgment and award debtors, offers his insights during the 11th ITA-IEL-ICC Joint Conference on International Energy Arbitration in Houston on a panel at 10:00 am local time, January 20.

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Client Alert January 9, 2023

Leveraging the U.S. Legal System in Brazil to Increase the Chances of Recovery from Fraud

  • Victims of large-scale and sophisticated fraud in Brazil may struggle to recover their assets by only using tools available in the domestic legal system.
  • However, a growing interest in fighting cross-border crime by U.S. authorities, together with the power of tools in the U.S., provide victims with a potentially better path to success.
  • Our cross-border team explains what strategies victims can deploy to achieve results.

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Client Alert December 14, 2022

Enforcing a Foreign Judgment in the UAE: New Opportunities

  • The United Arab Emirates (UAE) is becoming increasingly friendly to global judgment creditors looking to enforce their judgments.
  • Recent developments signal increased receptivity to fast-tracking recognition and enforcement through reciprocity.
  • We survey the landscape and look at how the country can form a crucial part of a worldwide enforcement campaign.

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Events November 28, 2022

Jef Klazen Explores Special Problems in Cross-Border Judgment Enforcement During Asset Recovery Americas Conference

Engaging in high-stakes litigation, investigation and enforcement of judgments and awards in the U.S. and Latin America is never easy, but there are challenging situations where even the most seasoned practitioners must think outside the box to deliver for their clients. Kobre & Kim’s Jef Klazen, who focuses on international asset recovery and judgment enforcement, shares some insights at the Asset Recovery Americas conference in New York on a panel at 12:30 pm local time, December 2, 2022.

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Publications November 23, 2022

Calvin Koo Lays Out Roadmap for Recovering Stolen Digital Assets in Hong Kong for the Hong Kong Lawyer

Hong Kong is a global financial center with a common law legal system, useful judicial tools for asset tracing and recovery, as well as sophisticated law enforcement, making it a key jurisdiction for those recovering their digital assets from fraud or other property disputes. Kobre & Kim’s Hong Kong-based Calvin Koo, who focuses on tracing and recovering digital assets, laid out a roadmap for recovery in an article for the Hong Kong Lawyer.

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Client Alert October 21, 2022

Global Crisis Management For Targets of Large-Scale Crypto Fraud

  • When crypto and blockchain companies, funds or exchanges find themselves the target of a sophisticated, large-scale fraud or cyber attack, speed through global reach is key.
  • Companies often make impulsive decisions that imperil their recovery chances and business interests.
  • The pseudonymous and borderless nature of cryptocurrency means companies need to take a cross-border and nontraditional approach to maximize success.

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Publications October 17, 2022

Calvin Koo on Hong Kong’s Changing Landscape in Cryptocurrency Regulation and Recovery

As conduits of the flow of global capital, financial centers such as Hong Kong see their share of illicit funds flow through their shores. This includes cryptocurrency, which bad actors increasingly turn to in their fraudulent schemes. Kobre & Kim’s Calvin Koo, who focuses on tracing and recovering digital currencies for corporate and individual victims of fraud, sat down with DigFin to examine the changing landscape and discuss how a new association of crypto lawyers he co-founded in Hong Kong can help the industry adapt.

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