An existing Intelysis client had recently ended a business relationship with a partner in Germany after the partner’s repeated failure to pay what it owed. After a review it became clear that our client had been defrauded, and wanted to sue. Before launching an expensive and time consuming international legal battle, the company retained Intelysis to examine the background and assets of the corporation and its principals in Germany to determine the chances of a successful recovery.

The results of the investigation were more telling in what they did not reveal than in what they did. For example the company was found to be located in Liechtenstein and not Germany where there was no trace of it in its purported location. Further searches revealed that the company had not carried on legitimate business for 20 years, and it’s “office” was the address of a patent office in Vaduz.

Despite this, the principal had however remained the same and was confirmed to be the person with whom our client had been dealing. When a comprehensive asset trace was conducted on this individual it was discovered that the principal did not own his residence, but rented in Germany and had been doing so for the better part of two decades. There were no bank accounts listed for the subject or his wife in Germany and the bank account listed for his company was virtually empty. The subject and his business had clearly prepared for this eventuality, and on paper at least were essentially without substance.

Whilst there were further options to consider, our client took a careful look at the whole picture and decided that the time and costs involved in pursuing the case were not worth it for the loss incurred and the probable returns. The clients wisely chose to cut their losses and move on.