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Asset Tracing &Global Recovery

A judgment is paper. Recovery is cash. We find where the money went, freeze it before it moves again, and enforce in Bangladesh and abroad, combining forensic intelligence, multi-jurisdictional litigation and state-to-state channels in one team.

Discuss a recovery matterSee the four phases
01Before court

Intelligence, forensic accounting & asset tracing

Before any filing, we establish exactly where the assets are, who really owns them, and how the money moved.

  • Ultimate beneficial ownership unmaskingInternational corporate registries, offshore-leak databases and Bangladesh Bank’s UBO framework used to see through shell companies, trusts and proxy holdings.
  • Cross-border asset mappingReal estate, bank accounts, vessels, luxury assets and crypto wallets traced across London, Dubai, Singapore, New York and offshore centres.
  • Forensic audit & digital evidenceForensic IT specialists preserve ERP and accounting records with a documented chain of custody so the evidence is admissible in court.
02Inside Bangladesh

Legal enforcement & recovery in Bangladesh

A layered litigation strategy that locks assets down first and applies pressure fast.

  • Immediate pre-trial reliefAttachment before judgment and temporary injunctions under Orders 38 and 39 CPC to freeze land, accounts and shares before they can be dissipated.
  • Cheque, loan and money suitsFast-tracked proceedings under s.138 NI Act, suits under the Artha Rin Adalat Ain 2003 and general money suits.
  • Insolvency and criminal leversWinding-up petitions under the Companies Act 1994, and complaints under the Money Laundering Prevention Act that trigger domestic freezing orders and court-ordered travel restrictions.
03Abroad

Cross-border recovery & offshore execution

Turning Bangladeshi judgments and arbitral awards into liquid funds in other jurisdictions.

  • Worldwide freezing ordersWith co-counsel in London, Singapore, the DIFC, BVI and Cayman, ex-parte Mareva-type injunctions freeze assets globally.
  • Award recognition and enforcementForeign and domestic arbitral awards enforced under the New York Convention and the Arbitration Act 2001.
  • Disclosure orders and state channelsNorwich Pharmacal and Bankers Trust orders against correspondent banks; mutual legal assistance through BFIU, the ACC and the Ministries of Law and Foreign Affairs under UNCAC and the StAR initiative.
The operating model

Four phases, one lifecycle, from discovery to repatriated funds

No phase begins without the one before it. You see a written deliverable at the end of each, and decide whether to go on.

  1. Phase 01

    Pre-action

    Asset discovery, UBO mapping and forensic audit, carried out quietly before the other side knows a recovery has begun. The dossier lists each asset, its jurisdiction, its holder and the realistic route to it.

    DeliverableAsset dossier & risk matrix
  2. Phase 02

    Lockdown

    Ex-parte freezing injunctions at home and abroad, bank hold notices and caveats on property, so nothing moves while the case is built.

    DeliverableAssets encumbered
  3. Phase 03

    Pressure

    Demand notices under the NI Act and Companies Act, civil suits, winding-up petitions and money-laundering complaints, sequenced for maximum leverage.

    DeliverableLitigation escalation
  4. Phase 04

    Monetisation

    Decree execution, court-monitored auctions, international award recognition and settlement through escrow.

    DeliverableFunds repatriated
The legal levers

Every tool we use, and the law behind it

Recovery is a sequence of orders, each with its own statute and its own timing. We choose the order of operations so the debtor learns of the case after the assets are already frozen.

In BangladeshDomestic courts and agencies
  1. 01

    Attachment before judgment and temporary injunction

    Freezes the defendant’s property at the start of a suit so a later decree has something to bite on.

    Code of Civil Procedure 1908, Orders 38 and 39
  2. 02

    Cheque dishonour prosecution

    Criminal proceedings for a bounced cheque; an appeal requires the convict to deposit 50% of the cheque amount first.

    Negotiable Instruments Act 1881, s.138
  3. 03

    Money loan court suits

    Specialised courts for recovering loans of banks and financial institutions, with their own attachment and auction powers.

    Artha Rin Adalat Ain 2003
  4. 04

    Winding-up and director liability

    Petitions to wind up a company that cannot pay its debts, exposing directors to personal liability for misfeasance.

    Companies Act 1994, ss.241 and 242
  5. 05

    Money-laundering complaints and travel restrictions

    Complaints that trigger freezing and attachment orders, and court orders restricting a debtor from leaving the country.

    Money Laundering Prevention Act 2012; CPC
AbroadWith foreign co-counsel
  1. 01

    Worldwide freezing order (Mareva injunction)

    Ex-parte orders from common-law courts freezing a defendant’s assets wherever they are, backed by contempt powers.

    England and Wales, Singapore, DIFC, BVI, Cayman
  2. 02

    Recognition of arbitral awards

    A Bangladeshi or foreign award enforced against assets in any of the 170-plus Convention states.

    New York Convention 1958; Arbitration Act 2001, ss.44 to 46
  3. 03

    Third-party disclosure orders

    Orders compelling banks and intermediaries to reveal account holders, balances and transaction routes.

    Norwich Pharmacal and Bankers Trust jurisdiction
  4. 04

    Mutual legal assistance

    State-to-state requests for evidence, freezing and repatriation, coordinated through BFIU, the ACC and the Ministries of Law and Foreign Affairs.

    Mutual Legal Assistance in Criminal Matters Act 2012; UNCAC; StAR
  5. 05

    Insolvency and receivership abroad

    Appointment of receivers or liquidators over offshore vehicles that hold the assets.

    Local insolvency law of the holding jurisdiction
Who it is for

Anyone owed money by someone who has moved it

From a single dishonoured cheque to a sovereign-scale non-performing loan, the method is the same: find, freeze, pressure, monetise.

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  1. 01

    Banks and financial institutions

    Non-performing loans where the borrower’s assets have been moved to relatives, shell companies or abroad.

  2. 02

    Companies and business owners

    Unpaid invoices, dishonoured cheques, defaulting partners or directors who have stripped a company.

  3. 03

    Investors and joint-venture partners

    Misappropriated capital, diverted dividends and disputes where the counterparty sits in another jurisdiction.

  4. 04

    Individuals and families

    Fraud victims, inheritance assets held abroad, and expatriates whose property or savings in Bangladesh were taken by proxies.

  5. 05

    Government and sovereign institutions

    Dedicated asset-repatriation support for public-sector asset flight, state-backed bank NPLs and sovereign debt recovery, including sanctions screening and state-to-state channels under UNCAC and StAR.

How we are engaged

Our incentives sit on the same side of the table as yours

Asset recovery is expensive to run and worthless if nothing comes back. The engagement model is built around that, within the professional conduct rules that bind us as advocates.

Standard

Retainer plus success fee

A base retainer covers the investigative and court work; a success component, where the rules allow it, is paid only from what is actually recovered.

High-value matters

Third-party litigation funding

For large cross-border recoveries we work with international litigation funders so the client does not carry the upfront cost of foreign proceedings.

Public sector

Institutional recovery units

Dedicated teams for banks, regulators and government bodies pursuing portfolios of defaulted loans or stolen public assets.

Success-based and funded arrangements are offered only where the Bangladesh Bar Council’s professional conduct rules and the law of the enforcing jurisdiction permit, and are always recorded in a written engagement letter before work begins.

FAQ

Before you start a recovery

Every recovery conversation is confidential, including the first one.

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Q01

Where do we start if we do not know where the money is?

That is Phase 1. We trace ownership through registries, leaks databases and banking records before anything is filed, and give you a written asset dossier and a realistic view of what is recoverable.

Q02

Will the debtor find out we are looking?

Not until we want them to. The investigative phase is covert, and freezing applications are made ex parte, so the first notice the debtor receives is usually the freezing order itself.

Q03

Can you enforce a Bangladeshi decree or award abroad?

An arbitral award, yes, in any New York Convention state. A court decree depends on the destination country’s rules on recognising foreign judgments; where that is difficult, we restructure the claim so it can be pursued locally.

Q04

How long does a recovery take?

Freezing can be achieved in days. Monetisation depends on the asset and the jurisdiction, from months for bank balances to longer for real estate or contested offshore structures. Each phase has its own timeline, agreed in writing.

Q05

What does it cost?

A retainer for the investigative and court work, quoted after the initial assessment, plus a success component where permitted. For high-value matters we can introduce litigation funders.

Q06

Do you work with banks and government bodies?

Yes. Non-performing loan portfolios and public-asset repatriation are handled by dedicated units working with BFIU, the ACC and the relevant ministries.

Next step

Tell us who owes you.We find what's recoverable.

The first conversation is confidential and without obligation. You leave it knowing whether a recovery is realistic, what it would cost, and how long each phase takes.

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