Asset finance lawyers

Leading the global enforcement strategy on behalf of Mrs Akhmedova for the enforcement of a financial order of the English family court worth £450 million over various luxury assets and bank accounts located around the world, including Marshall Islands, Dubai, Isle of Man, Switzerland, Liechtenstein, Russia and England.

Represented the court-appointed administrator of an estate in litigation against the decedent’s former business partner in Vietnam. We brought a derivative action on behalf of an entity the decedent co-owned with his business partner, obtained a preliminary ruling transferring half a million dollars from the entity to the estate, and ultimately settled the case.

We successfully represented our client in Zhao Hui Fang and another in a case that challenged the application of stamp duty to a residential purchase by a charity. The High Court of Singapore ruled that the additional buyer’s stamp duties regime does not apply to residential property purchased by a charity. The landmark decision had wide-ranging impact on charities and the non-profit sector in Singapore.

Our Singapore team successfully acted for LG Electronics Inc. in a trade mark opposition filed by headphones manufacturer Beats Electronics, LLC against the registration of the mark 'QuadBeat' before the Intellectual Property Office of Singapore, securing a favourable decision.

Withers represented an individual in a dispute involving a successful limited liability company that provided global financial consulting and advisory services. Withers successfully avoided a public lawsuit and negotiated a successful resolution. This complex matter involved parties in the United States, the United Kingdom, Singapore and Belize.

When our client suffered a bank mandate fraud, it severely affected his art dealership business. We put a team in London and Hong Kong into action to freeze the stolen funds, held in a Hong Kong bank, and were able to retrieve them for our client.

Our US team represented an investment fund and its principals in a multi-national dispute concerning investments in Ethiopia, we successfully dismissed all of the claims against our clients.

In this complex case involving questions over economic duress and penalty issues, we successfully obtained a €172 million judgment on behalf of our client against the businessman, Lars Windhorst, and the Tennor Group. The judgment stemmed from a debt that arose out of Repo Transactions and a settlement agreement, the terms of which the Defendants failed to honour. 

Leading the global enforcement strategy on behalf of Mrs Akhmedova for the enforcement of a financial order of the English family court worth £450 million over various luxury assets and bank accounts located around the world, including Marshall Islands, Dubai, Isle of Man, Switzerland, Liechtenstein, Russia and England.

Withers achieved a rare success by successfully piercing the corporate veil of a Liechtenstein company set up as a sham by the judgment debtor for the purposes of hiding assets.

We acted for the trustees of an estate in advising on a potential claim by the Italian State to the ownership of a Roman era fragment marble relief. The relief was purchased in the 1960s in Switzerland and passed to the state following the death of the purchaser. Having been put up for sale by the trustees, it was spotted at an art fair as being linked to a number of other reliefs that had been seized by the Italian authorities having been illegally excavated in the early 2000s. Withers assisted the trustees in bringing about the restitution of the relief to Italy.

We represented the estate of a renowned European contemporary artist in seeking to bring about the return of numerous artworks that had not been returned by a German gallery following the artist's death in the mid-2000s.

Our client was an Italian company which supplied customised speedboats for use by the Brazilian Police Force. We represented our client in the recovery of a debt owed by a Brazilian company involved in the transaction.

We are representing five Italian banks in a jurisdictional challenge to the English courts based on the place where payment had to be made under a confirmed letter of credit.

The termination of a 10-year worldwide agency and distribution agreement led to us representing a Greek company in a dispute with a Jordanian state owned enterprise.

Represented Greek national basketball team in defending federal claims. Case successfully resolved with full dismissal of claims against the team.

A proposed merger in the Pay TV market in Greece led to a dispute in which we represented Greek clients in a substantial LCIA arbitration.

When the defendant took his £350 million mega yacht to Dubai, Withers used the DIFC Court as a conduit through which to get an order for enforcement from the Dubai local courts. The case was heard by both the DIFC Court of Appeal and the Joint Judicial Committee.

Leading the global enforcement strategy on behalf of Mrs Akhmedova for the enforcement of a financial order of the English family court worth £450 million over various luxury assets and bank accounts located around the world, including Marshall Islands, Dubai, Isle of Man, Switzerland, Liechtenstein, Russia and England.

We represented one of Saudi Arabia's leading contemporary artists in a multi-jurisdictional claim against an auction house and a Dubai based gallery. The claim derived from the unauthorized selling of one of the artist's own artworks by the Dubai gallery at an auction. The matter was successfully settled.

The termination of a 10-year worldwide agency and distribution agreement led to us representing a Greek company in a dispute with a Jordanian state owned enterprise.

Represented a foreign-based seller of NY property, whose lawyer stole the proceeds of the sale. In addition to partial recovery from the Lawyers' Fund, we were able to recover a substantial amount of the uncovered losses.

Obtained dismissal of a conservatorship petition without the need for discovery or trial.

We successfully represented the holders of US bonds to the value of USD$200 million in lawsuits against a rating agency and an indenture trustee of a private placement.

Represented heirs to the fortune from a pharmaceutical company in a dispute concerning control of the family office and competing claims of breach of fiduciary duty. After completing all pre-trial discovery and motion practice, Withers successfully negotiated a settlement for the heirs without the need for a costly and public trial in California state court.

Withers successfully obtained judgment against a debtor based in California on behalf of an individual lender based in the Russian Federation. The debtor, a prominent dance event organizer, failed to repay funds lent to him to further his dance business.

Our US team represented one of the major accounting firms against primary and secondary insurers to recover for claims based on accounting firm's financial audits

Our US team represented an investment fund and its principals in a multi-national dispute concerning investments in Ethiopia, we successfully dismissed all of the claims against our clients.

Our team represented the Romanian State in connection with the enforcement of a foreign judgment in the US, with the State receiving 100% of the judgment amount.

We are coordinating litigation arising from a shareholder’s dispute in Cyprus, Anguilla and Belize on behalf of Russian shareholders in a global financial business.

Withers represented an individual in a dispute involving a successful limited liability company that provided global financial consulting and advisory services. Withers successfully avoided a public lawsuit and negotiated a successful resolution. This complex matter involved parties in the United States, the United Kingdom, Singapore and Belize.

Leading the global enforcement strategy on behalf of Mrs Akhmedova for the enforcement of a financial order of the English family court worth £450 million over various luxury assets and bank accounts located around the world, including Marshall Islands, Dubai, Isle of Man, Switzerland, Liechtenstein, Russia and England.

Withers successfully obtained judgment against a debtor based in California on behalf of an individual lender based in the Russian Federation. The debtor, a prominent dance event organizer, failed to repay funds lent to him to further his dance business.

We act for the Ukrainian government in relation to a variety of commercial disputes.

Acting for a Cypriot company with Russian connections in an arbitration claim challenging a USD$72 million London Court of International Arbitration Award.

We successfully represented Salim Shalabayev, a Kazakhstani citizen, on an Appeal of a Final Charging Order over his property in London.

We are coordinating litigation arising from a shareholder’s dispute in Cyprus, Anguilla and Belize on behalf of Russian shareholders in a global financial business.

Advised a Russian corporation in a dispute to a value of over US$150 million in relation to cancelled Credit Linked Notes

In a complex international dispute involving one of the oldest multi-sectorial brands in Belarus (our client), we defended a $1.6m claim brought by a Ukrainian-owned company, relating to company officers' authority to conclude contracts.

In an LCIA arbitration concerning a high profile real estate project in Moscow, worth $160m, and involving complex issues of fraud, illegality and a combination of Russian, Kazakh and BVI law, we have taken an innovative approach to calculating the damages at stake.

Our litigation team acted in Ecuador v Colombia (Aerial Herbicide Spraying) Counsel of Colombia, in an ICJ case involving issues of international environmental law.

Our client was an Italian company which supplied customised speedboats for use by the Brazilian Police Force. We represented our client in the recovery of a debt owed by a Brazilian company involved in the transaction.