Finding and successfully attaching sovereign assets often seems impossibly daunting. With seemingly endless resources and the protections of legal concepts like sovereign immunity, sovereign states and their leaders are well–insulated from monetary judgments. Now, however, new transparency policies, recent legal decisions in the US and UK, and changes in societal behavior have increased the opportunities for creditors to find and seize sovereign state assets.
Sovereign asset searches fall into two categories: (i) those seeking to identify and recover assets from a sovereign state, typically to satisfy a judgment or award; and (ii) those seeking to identify and recover misappropriated assets from…Read more
