Date: 14 October 2020
Time: 1:00 PM UTC
Duration: 60 min
Language: English
Format: Online
This webinar is over - watch on demand here

Switzerland: Asset Recovery in Switzerland

Switzerland is the main offshore banking centre in the world, with more than US$2.2 trillion, or 25%, of the world’s foreign assets under management. Furthermore, Switzerland has become the world’s number one commodity trading hub, with a global market share estimated at 35% of oil, 60% of metals and 50% of sugar and cereals transactions. A significant share of cross-border asset recovery disputes therefore involves Swiss banks, financial intermediaries, family offices and commodity trading companies, as assets, claims and evidence lay in Switzerland. Identifying, freezing and recovering assets and evidence in Switzerland is complex, due to the Swiss blocking statute, banking secrecy and the lack of discovery in civil procedure. Over the years, however, powerful tools have been developed to successfully overcome these obstacles. By sharing the experience of insolvency practitioners and Swiss lawyers on the basis of recent common cases, this webinar will present, on the basis of concrete examples, the best strategies to maximize recoveries over Swiss assets and defendants, by the use of a combination of criminal, civil and insolvency proceedings: 1. The pitfall of the Swiss blocking statute and the new cross-border insolvency regime. 2. How to identify, preserve and recover Swiss assets. 3. How to obtain evidence to successfully bring claims against facilitators.

Yves Klein

Yves KLEIN is a partner at Monfrini Bitton Klein. His main activity for the past twenty years has been litigating and coordinating cross-border asset recovery proceedings on behalf of victims of economic crimes or parties seeking to enforce their claims against assets concealed in Switzerland or abroad. He is Who’s Who Legal Asset Recovery Lawyer of the Year 2019.

Antonia Mottironi

Antonia MOTTIRONI is a counsel at Monfrini Bitton Klein. She litigates and coordinates cross-border asset recovery proceedings on behalf of victims of economic crimes. She especially focuses on cross-border insolvency; white-collar crime; debt collection proceedings; enforcement of foreign arbitral awards and judgments; as and international judicial assistance in criminal, civil and administrative matters. She has published on asset tracing and recovery; cross-border insolvency; recognition of foreign judgments and arbitral awards; and collection on evidence in civil law countries and regularly presents on these matters at international conferences.

Hugh Dickson

Hugh DICKSON is Global Leader - Restructuring and Recovery at Grant Thornton. He has 20 years' experience in corporate finance, with particular emphasis in restructuring, insolvency and the financial sector and is recognised as an innovative expert in the management, restructuring and resolution of non-performing debts and assets, particularly in emerging markets.

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