The world is currently in a state of great turmoil as a result of, among other things, the effects of the pandemic and Russia’s invasion of Ukraine, and the global economy remains fragile. These are classic preconditions for an increase in fraud disputes and related asset-tracing. It is essential that practitioners in this field keep…

On December 6th, the UNCITRAL Colloquium on Civil Asset Tracing and Recovery was held at the UNCITRAL Headquarters in Vienna. Tapping into her considerable expertise in the field, KNOETZL’s Bettina Knoetzl was assigned the task to moderate the first panel of this unique gathering of international experts in Asset Tracing & Recovery.   Despite her…

With reference to our KNOETZL alert of January 19, 2017, we are again reminded that, whenever violations of criminal laws and internal compliance regulations by executives and directors of the company come to light – particularly if they are sizable and systematic – rapid action is key: immediate and extensive internal investigation should result in the implementation of effective…