Fraud And Assets Recovery

Many fraud cases involve complex corporate structures, incorporated in various jurisdictions some of which might cause obstacles or create problems for victims.

Cyprus Courts, have jurisdiction to assist victims of fraud, in the recovery of stolen assets, by inter alia granting the following interim relief:

(A) Issuing freezing orders, to block assets held by the wrongdoers within the jurisdiction.

(B) Issuing the so called "Chambra type" freezing orders, blocking assets, held by a third party, when there is prima facie evidence that, such assets are beneficially owned by the wrongdoers.

(C) Issuing discovery orders or Norwich Pharmakal orders against third parties (i.e. Banks etc.) for the discovery of information or documents to assist the victims of fraud to: