Asset tracing amidst economic uncertainty

Jason Liew and Paul Stephen

THE economic impacts of Covid-19 continue to reverberate through the global economy, even as most jurisdictions move closer to a return to pre-2020 normalcy. Ongoing labour shortages, supply chain disruptions, acute inflation, market volatility, and a rapid end to Covid-era forbearance measures have combined to create a distinctly fraught business environment. 

It is no surprise then that, against this economic backdrop, jurisdictions around the world have seen a significant increase in restructuring and liquidation filings, as well as an increase in disputes and litigation. As the volume of restructurings and liquidations continues to increase, the demand for complex asset tracing services will follow, but asset tracing professionals will need to have the requisite resources, knowledge, and presence to successfully executive a complex, cross-border asset trace.