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Amazing experience
After placing an enquiry, I received a call 20 minutes later, and then 2 hours later, I had a solicitor assigned to me. They were absolutely incredible right from the word go - amazing and very prompt with replies, answering all my questions and keeping the process moving. We finally completed today and I am so unbelievably happy. I wouldn’t hesitate to use Lawhive again in the future if needed.
Lily
First class service
I initially made an online enquiry about a tricky conveyancing matter and received an immediate call back. They understood straight away what was needed and gave me a quote that was very reasonable. It was such a pleasure to find someone who was cheerful, professional and completely reassuring as I’d been getting quite anxious about the sale of my house. The service Lawhive has provided is absolutely first class and I cannot recommend them enough.
Charles
Empathetic, professional and efficient
I am an executor, selling my mother's home. I found the assistance I received from Lawhive first rate - empathetic, professional and efficient.
Mark
Great service from Lawhive
We used Lawhive for our conveyancing needs and our solicitor was very helpful, patient and informative. She helped us with our needs with prompt responses and provided a very efficient service.
Kelvin
Great service when you need clarity and calm
Our solicitor was warm, friendly and provided crystal clear communication. A lot of conveyancers assume customers know everything about the process already, so it was really appreciated to hear each stage included in the price given.
Em
Quick and efficient
We used Lawhive for a transfer of property and conveyancing. Our solicitor was so helpful and thorough with the whole process. He responded quickly and efficiently to any questions or requests that we had and explained some of the more complicated issues regarding the process clearly.
Geri
Fantastic service and experience with Lawhive
I had the pleasure of working with Lawhive doing a transfer of equity on a property. Our solicitor’s service was amazing, she responded quickly to any questions or concerns and kept me updated throughout the process. I can strongly recommend her for any conveyancing work that you may need. Fantastic service all round.
Jane
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01 overview
Commercial asset tracing doesn't have to be a headache for your business. Our team of assert recovery solicitors can provide high-quality legal advice to help you navigate the challenges. Here are just some of the ways our legal team can support you:
| Conducting investigations | Our team can conduct detailed investigations to examine documents and help identify any hidden assets. They can also look for misappropriated assets that have been stolen or misused by an individual or business. They can also investigate asset sales that might have been undertaken by a company. |
| Applying for legal search orders | Search orders can be essential in ensuring assets are recovered. Our asset recovery team can help obtain disclosure orders which can force individuals or businesses to disclose assets. Plus, they can look into freeze orders, which can be necessary in cases where assets are being misused. |
| Instructing tracing agents | Our asset tracing lawyers can help to legally instruct tracing agents. These tracing agents can help in complex cases such as fraud or misappropriated assets. They share the information with the tracing agents who will trace and recover the assets. This tracing can then be used for court procedures. |
| Advising on enforcement strategies | Our legal team can offer the best enforcement strategies to recover assets. They'll look at the debtor’s financial position and assess their assets and cash flow situation. They can then advise on the best tools needed which will lead to the recovery of assets. |
We're not like your average law firm. We'll connect you with a legal expert from our network of commercial solicitors and provide you with a fast and efficient service that's tailored to you. Here are just a few reasons that you might like Lawhive:
Asset tracing can be essential when commercial disputes arise. Here are just a few of the circumstances when asset tracing or recovery might be needed for your or your business:
Asset tracing is commonly used in cases of fraud to recover and identify business assets. Solicitors can look into tracing asset transfers and money trails to help discover the assets. The solicitor’s tracing of the assets can help to prove who is accountable, where the assets are being held and the process of recovery.
When a company becomes insolvent, the insolvency solicitor or practitioner needs to identify all assets of the business. This can help the business to pay off debts and creditors can recover their funds. It is necessary during the liquidation process to identify any assets that have been wrongfully transferred or hidden before the liquidation of the company.
Businesses or individuals may have hidden assets to avoid enforcement or a contractual obligation. In these cases, assets can be discovered by the professional analysing the financial records and property transactions. The assets will then help to make sure businesses are enforced to their legal responsibilities.
There may be cases where assets need to be retrieved as they have been concealed in divorce proceedings or family-owners business. Solicitors can then trace and recover the assets to make sure the case is fair and no financial misconduct takes place. They can disclose assets that may have been hidden to stop distribution to the other party.
The cost of a commercial asset tracing solicitor will be unique depending on the complexity and requirements. Here's a quick snapshot of the services you might expect to pay for:
If the case is successful in court, there is the potential for recovering legal costs from the debtor. Solicitors can apply for a costs order which will cover the costs that the party would have paid to recover the assets. The recovery of costs is common in cases of fraud or breach of contract.
Our asset tracing and recovery solicitors will conduct a thorough investigation into the assets and irregularities to find the best strategy for you. Your strategy will be tailored to your business and as cost-effective as possible. Some of the most common asset tracing strategies include:
A solicitor might recommend a disclosure order which can force third parties to provide information on the whereabouts of the asset. This can help to prove where the asset is and whether it’s been hidden. The solicitor can apply for a Norwich Pharmacal Order which is an order that can compel a third party such as a bank to disclose information in cases such as fraud.
Your solicitor may decide that the best strategy is a search order (formerly the Anton Piller Order). This order allows premises to be searched and any infringing material seized to be used as evidence. A search order can then lead to the recovery of misappropriated assets.
Another strategy that the solicitors may use is to use a freezing order which can stop a debtor or fraudster from dissipating assets. The freezing of orders can be used by a creditor who is concerned about an individual or business owner selling their asset.
Solicitors may find the best step to take once assessing the situation is international asset tracing. The solicitor can arrange this if the asset has been moved abroad and needs to be identified. With international asset tracing, they can use international agreements and cross-border cooperation to access the location of the asset tracing.
There are several reasons why asset tracing can be complex and challenging:
There are situations where individuals or businesses may disguise asset ownership. This might occur if a business owns debt or is facing insolvency. The asset may be transferred to other parties such as a name of a relative, a shell company or offshore entities. Your solicitor can take steps such as instructing tracing agents or international tracing for complex cases.
If the assets have been moved to offshore accounts, there can be challenges in tracing the assets across multiple jurisdictions. Each country has their own law regarding the recovery of assets. Your solicitor will have the best knowledge of different legal systems and trace assets in countries with less stringent transparency laws than asset tracing in the UK.
There is a risk when it comes to asset tracing that the assets could be dissipated. This means the assets are sold or hidden which makes it impossible for the creditors to trace them. There is the possibility that the asset is moved beyond the reach of enforcement. Due to this, asset tracing should be done as soon as possible.
If you're interested in asset tracing legal advice, we're here to help. Our network of lawyers can advise you on your case and the best next steps, no matter the complexity. Get started today with an instant fixed fee quote.
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