Recovery of Funds from a Third-Party Arrest
Our lawyers engaged with Dubai authorities to verify the intermediary’s arrest, explored legal avenues for asset recovery, and initiated ongoing efforts to reclaim the client’s funds or secure alternative compensation.
Case Overview
A Nigerian businessman engaged in goods importation faced a financial loss after transferring $44,990 to a Chinese intermediary based in Dubai. The funds were meant to be forwarded to a Chinese buyer for a business transaction. However, shortly after the transfer, the intermediary was arrested in Dubai, cutting off all communication and leaving the client unable to recover the funds. The only available information was the intermediary’s Emirates ID.
Legal Challenges in Cross-Border Fund Recovery
The case presented multiple legal and procedural hurdles:
- Jurisdictional Complexity: The transaction involved multiple countries—Nigeria, the UAE, and China—complicating legal proceedings and accountability.
- Limited Recourse: The arrest of the intermediary meant that normal business dispute resolution mechanisms were unavailable.
- Lack of Transparency: The client had no direct business contract or financial protection measures to ensure the safekeeping of the transferred funds.
- UAE Legal System Constraints: Without formal documentation beyond the Emirates ID, initiating legal action in Dubai required additional legal strategies to verify and track the funds.
Result
Legal intervention facilitated communication with relevant authorities in Dubai to confirm the intermediary’s arrest and financial standing. Efforts were made to explore possible asset recovery through legal channels, including claims against frozen accounts. The case is ongoing, with active steps being taken to either retrieve the funds or seek alternative compensation through legal means.
