James Elvidge negotiates substantial reduction in liability in confiscation proceedings
In the London Borough of Hounslow v Riat, the local authority sort a confiscation order in excess of £700,000, the Defendant having a property portfolio worth millions of pounds. The case involved complicated issues concerning contested beneficial interests, options for sale, registered charges, probate, property located abroad, satellite litigation and tainted gifts.
Following difficult negotiations, the local authority agreed to accept a much reduced benefit figure of £250k and realisable assets in the region of £500k.
Instructed by Iqbal Kang of Vienna Kang Solicitors.
