Peters & Peters

Firm secures dismissal of restraint order and payment of client’s costs in international tax fraud case

Peters & Peters acted for a high net worth individual based in Europe, who was subject to a tax investigation in Spain. On the request of the Spanish authorities, the UK Crown Prosecution Service obtained a restraint order over a bank account containing £10 million of the client’s assets. Following the firm’s representations, the order was dismissed on the ground that the criteria for its imposition had not been properly satisfied. The client’s legal costs were paid by the Crown Prosecution Service.