Litigating Through Chaos: Asset Recovery Amid War, Sanctions And Trade Disruption

With the accelerating pace of globalization, financial systems and commercial networks have become deeply interconnected, allowing illicit financial flows and transnational crimes to evolve in both scale and sophistication. This growing complexity has compelled states to strengthen cooperation and harmonize their legal frameworks, making international conventions and cross-border enforcement mechanisms increasingly visible and essential components of global governance. Over the past two decades, the concept of "asset recovery" has become a cornerstone of international legal practice, shaped by conventions such as the United Nations Convention against Corruption ("UNCAC"), the Palermo Convention on Transnational Organized Crime, and binding United Nations Security Council resolutions on terrorism and weapons proliferation. International standards from the Financial Action Task Force ("FATF") further require states to criminalize money laundering, treat terrorism financing as a separate