24/04/24

Positive Outcome Achieved in Forfeiture Proceedings

Positive Outcome Achieved in Forfeiture Proceedings
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KANGS has effectively assisted a client in achieving a positive settlement in forfeiture proceedings commenced by the National Investigation Service (NATIS) relating to 'Bounce Back Loans.' This involved securing the lifting of Account Freezing Orders placed on our client's accounts.

Tim Thompson of KANGS briefly outlines the proceedings.

The Circumstances of the forfeiture proceedings

The National Investigation Service (NATIS) obtained Account Freezing Orders against our client’s personal and business accounts which had received funds by way of ‘Bounce Back Loans.’

How We Assisted Our Client

To seek an early resolution of the problems created by the freezing of the accounts, the Team at KANGS:

  • examined in detail all the documents served by NATIS,
  • attended meetings with our client to take detailed instructions regarding the allegations raised, delving into the circumstances surrounding the unfortunate situation and providing guidance on the appropriate course to achieve a prompt and satisfactory outcome,
  • collated and examined all pertinent documentation and prepared an extensive Witness Statement setting out our client’s position,
  • engaged in detailed and lengthy negotiations with NATIS which achieved terms for settlement, which were extremely favourable to our client.

The matter was satisfactorily concluded when, following application by NATIS, the Court set aside the Account Freezing Orders which finalised the proceedings.

Who Should I Contact for Help?

KANGS provides enormous experience having assisted companies, directors and individuals defend forfeiture proceedings, Account Freezing Orders, Restraint Orders and proceedings of every nature brought under the Proceeds of Crime Act 2002.

If we can be of assistance, our Team would be delighted to hear from you, simply call or email us using the contact information below:

Tel:       0333 370 4333

Email: info@kangssolicitors.co.uk

We provide an initial no obligation consultation from our offices in London, Birmingham, and Manchester. Alternatively, we provide initial consultations by telephone or video.

Hamraj Kang

Hamraj Kang
Senior Partner

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Tim Thompson

Tim Thompson
Partner

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Nazaqat Maqsoom

Naz Maqsoom
Associate

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