Key jurisdictions: Italy and France.
Client: A Russian bank from the TOP-100 list.
Our Solution:
CSI Group identified that the debtor had used a design firm for planning and renovating all of his properties in Russia. On the design firm’s website, we discovered photographs of a villa in Italy, linked to the debtor.
Using the villa’s name and other indirect indicators, we pinpointed the city in which it was located. By carefully analyzing the photos – particularly the shape of the swimming pool and other architectural details – we were able to determine the villa’s exact address.
Our experts obtained official documentation from the Italian cadastral registry confirming ownership. The property was registered in the name of the debtor’s wife. The villa was valued at over EUR 10 million, with no encumbrances recorded.
Further investigation, including identification of the local tax ID number, allowed us to trace additional assets and corporate affiliations. It was revealed that the wife also owned another villa in Italy worth EUR 3 million, as well as a company managing real estate assets.
The debtor was also found to be a co-owner of a French company with his wife. The company’s founding documents stated its purpose to be acquisition and management of a chalet located in France. With assistance from local legal counsel, we obtained the company’s registry extract, which led to the discovery of another undeclared asset.
Client: A Russian bank from the TOP-100 list.
Our Solution:
CSI Group identified that the debtor had used a design firm for planning and renovating all of his properties in Russia. On the design firm’s website, we discovered photographs of a villa in Italy, linked to the debtor.
Using the villa’s name and other indirect indicators, we pinpointed the city in which it was located. By carefully analyzing the photos – particularly the shape of the swimming pool and other architectural details – we were able to determine the villa’s exact address.
Our experts obtained official documentation from the Italian cadastral registry confirming ownership. The property was registered in the name of the debtor’s wife. The villa was valued at over EUR 10 million, with no encumbrances recorded.
Further investigation, including identification of the local tax ID number, allowed us to trace additional assets and corporate affiliations. It was revealed that the wife also owned another villa in Italy worth EUR 3 million, as well as a company managing real estate assets.
The debtor was also found to be a co-owner of a French company with his wife. The company’s founding documents stated its purpose to be acquisition and management of a chalet located in France. With assistance from local legal counsel, we obtained the company’s registry extract, which led to the discovery of another undeclared asset.
