Asset Tracing is a critical legal and investigative process aimed at uncovering hidden assets of a debtor or opposing party. Winning a court case is only half the battle; if the debtor officially owns nothing, the judgment remains just a piece of paper. In Georgia, dishonest debtors often register assets under relatives' names, hide them in offshore zones, or convert them into cryptocurrency. Asset tracing services use Open Source Intelligence (OSINT), public registry analysis, and financial investigation to establish the real property status. Legal.ge offers specialists who will help you reveal hidden assets for subsequent seizure and enforcement.
What Does Asset Tracing Service Cover?
This service combines legal and investigative methods within a legal framework. It includes:
- Real and Personal Property Search: Analyzing databases of the Georgian Public Registry and Service Agency of the MIA to identify ownership.
- Establishing Corporate Links: Debtor's connections with other companies, shares, and beneficial ownership.
- International Search: Locating assets registered in foreign jurisdictions (e.g., Europe, offshore) through partner organizations.
- Financial Flow Analysis: Investigating bank transactions and suspicious transfers (subject to court permission).
- Uncovering Fictitious Transactions: Identifying gift or sales contracts made to hide assets for subsequent invalidation.
Real-World Scenarios Where You Need This Service
For example, an ex-business partner claims bankruptcy while hiding profits. In reality, they bought a luxury villa in their sister-in-law's name and run a new company under a driver's name. Standard enforcement is powerless here. An asset tracing specialist will establish these links by cross-referencing social media, lifestyle analysis, and registry data. This information allows you to prove fictitious transactions in court and enforce judgment on hidden property. Another example: a spouse hides business assets during a divorce. A specialist will determine their real financial status for alimony or property division.
Georgian Legal Framework
Asset tracing is regulated by the "Law on Personal Data Protection," meaning information gathering must be legal. However, the "Law on Enforcement Proceedings" and Civil Procedure Code give creditors the right to request information on debtor's assets. Additionally, "Anti-Money Laundering" legislation mandates the disclosure of beneficial owners, aiding the search.
The Process Step-by-Step
1. Initial Data Collection: Receiving information from the client. 2. OSINT Analysis: Researching internet, social media, and public databases. 3. Official Requests: Requesting information from registries based on a lawyer's order. 4. Report Preparation: Describing found assets and suspected concealment schemes. 5. Legal Response: Seizing found property or filing a suit to annul transactions.
Why Choose a Specialist on Legal.ge?
Finding hidden assets requires detective skills and legal knowledge. Legal.ge connects you with professionals who know where to look and how to use found information in court to your advantage.
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