We were retained to look for the assets of a Central American country in connection with a multi-million dollar judgment issued in a US court. Our research confirmed that the country had limited overseas assets. However, we determined that the country issued certain Internet site licenses that entitled it to a percentage of the licensed sites’ net profits. This not only presented a possible asset for seizure, it provided the client with a possible point of leverage for negotiation.
We alerted the client to the fact that the market to issue these particular types of internet licenses was one in which several offshore jurisdictions competed. As a result, if its customers became involved in litigation over licensing payments, the target country risked losing these clients to competing licensing jurisdictions.