Fraud & Asset Recovery
Through our managing partner, Gábor Damjanovic, our firm is a member of ICC FraudNet – the international network of independent law firms specialising in fraud, asset tracing and asset recovery, established under the auspices of the International Chamber of Commerce.
As a law firm with high profile corporate and disputes practices, we provide asset-recovery representation to victims of fraud, including the pursuit of civil claims and the recovery of assets within criminal proceedings.
We represent companies, financial institutions and private clients affected by fraudulent activity, acting swiftly to trace, secure and recover assets in Hungary and internationally through the ICC FraudNet network and otherwise. Where a matter calls for advice on criminal law, criminal defence or other specialist expertise, we collaborate closely with trusted, well established Hungarian criminal-law practitioners, ensuring coordinated civil and criminal representation.
Our lawyers regularly publish on fraud and asset recovery topics, including in the ICC FraudNet Global Annual Report:
– Banks’ Liability for Assets Lost in Phishing Schemes (ICC FraudNet Global Annual Report, 2025)
– Fake President Fraud Cases: How Can the Wronged Party Intervene in Insolvency Proceedings? (ICC FraudNet Global Annual Report, 2024)
– Are Banks Liable for “Ponzi Schemes”? (ICC FraudNet Global Annual Report, 2023
– Who is the Victim and Who is the Fraudster? Reviewing the Procedural Position of the Victim in Fake President Fraud Cases, and How to Reframe it (ICC FraudNet Global Annual Report, 2022)
Services
We offer a full scale of services in the area of Fraud & Asset Recovery, including:
- legal advice and strategy on complex, high-value, cross-border fraud and asset tracing matters
- legal advice on cross-border fraud investigations and strategy for obtaining time-critical legal remedies, such as interim measures and other ancillary relief to secure and recover assets
- tracing misappropriated funds and assets in Hungary
- recovery of losses arising from banking and payment fraud, including pursuing claims against banks and payment service providers;
- urgent legal intervention and recovery assistance in cases involving “fake president” (CEO) fraud and business e-mail compromise (CEO fraud)
- representing defrauded investors in criminal proceedings, including in matters related to Ponzi schemes;
- representing victims (injured parties) in criminal proceedings, with a focus on asset recovery;
- acting as Hungarian counsel in cross-border asset recovery matters, and coordinating foreign proceedings through ICC FraudNet and otherwise;
- enforcement of Hungarian and foreign judgments and arbitral awards.
Contact
Examples from our
track record
We represented a subsidiary of an international industrial parts procurement group that had fallen victim to a high-value CEO fraud scheme, pursuing recovery of the misappropriated funds by engaging directly with the account-holding bank and filing a criminal complaint.
We successfully acted for a foreign construction company defrauded in a high-value spoofed e-mail payment diversion scheme, recovering the diverted funds through seizure in criminal proceedings.
We successfully represented a foreign subsidiary of a cross-border automotive components group targeted in a CEO-fraud scheme, recovering in full the losses of more than half a million euros through the seizure of the diverted funds in the criminal proceedings.
We represented a foreign company operating in the hospitality sector defrauded in a high-value scheme, in which a perpetrator impersonating a company representative misled the account-holding bank into authorising large transfers to front companies registered in Hungary; filed a police report and acted for the client throughout the criminal proceedings to recover the funds.
Key sectors
Industry expertise
