Risk Consulting
Risk Consulting
The process of uncovering the assets of debtors can be challenging, particularly when the debtor doesn’t want them to be found. Known for an unrivalled global intelligence network and multidisciplinary approach to investigations, BTG Global Advisory reveals the true global asset position of debtors to ensure maximum recoveries are achieved.
Our experts in the complementary fields of forensic accounting, forensic technology, investigations and risk, ensure that asset searches conducted by BTG Global Advisory are the most comprehensive available. This specific blend of investigative expertise ensures clients stay ahead of ever increasing and complex asset concealment tactics.
As a leading advisor to governments, banks and law firms on cross-jurisdictional asset tracing matters our investigative methodologies adapt to the legislative landscape of the countries we are acting in to ensure compliance along with the reputational protection our clients demand.
The physical spread of BTG Global Advisory throughout the world allows clients to benefit from a responsive in-country presence that is often a prerequisite to conducting detailed asset investigations in emerging jurisdictions where the access to relevant data and information via desktop sources is limited or even non-existent.
Investigative Due Diligence
Successful business decisions are based on an understanding of the available information; however in instances where vital information is not readily available it is necessary to bridge the gap with corporate research and investigations in order to maintain a forward position in negotiations.
Due diligence investigations by BTG Global Advisory complement traditional financial investigations to support decision-makers ahead of engaging with unknown third parties, providing the transparency that companies and their professional advisors require before putting pen to paper in areas such as:
Integrity and Reputation Verification
Providing assurances over the integrity and reputation of potential business partners, whether individual executives or corporate entities, ensuring that you enter into negotiations with a full understanding of who you are dealing with and of their compliance with FCPA/bribery legislation.
Geopolitical and Economic Impact Analysis
Informing you as to how changes in the local political and economic environment would impact on your ability to operate and compete effectively in your chosen markets.
Security Risk Assessments
Securing a live business and understanding the security risks that lie ahead are key priorities when moving into phases of domestic or international organisational change.
Anti-corruption Consulting
BTG Global Advisory has worldwide resources that can assist business entities and their legal counsels to develop and maintain a robust anti-corruption compliance programme and investigate various allegations of corruption, fraud, waste and abuse, including multi-jurisdictional matters.
Our services include:
- Global anti-corruption and financial investigations
- Anti-corruption compliance services
- Corruption/fraud risk assessments
- Anti-corruption due diligence on third parties/employees
- Proactive corruption risk assessment of third parties
- International Asset tracing
- Anti-money laundering (AML)
- Review financial institution AML policies, procedures, compliance program.
- Trace payments, purchases and investments internally and offshore
- Interview witnesses, review emails, review accounting systems, background investigations, asset tracing
- Develop, enhance anti-corruption policies, procedures, compare to actual processes, train employees and provide recommendations.
- Identify internal control weaknesses that could lead to fraud, corruption, waste. Conduct interviews, review procedures, provide recommendations.
- Based on risk, conduct investigation on third parties to identify undisclosed relations to government officials, history of corruption/criminal behaviour.
Related Case Studies
Manufacturing and Engineering
MBL Akustikgeräte GmbH & Co. KG.: Investor solution
MBL Akustikgeräte has been producing audio devices of uncompromising quality for decades. It manufactures all loudspeakers and electronics at its own production facility near Berlin. MBL’s Radialstrahler loudspeakers have an outstanding reputation among audiophiles and music aficionados worldwide. The company is a leading brand in high-end audio. The business filed for insolvency due to liquidity problems. PLUTA restructuring expert Mr Frank Brachwitz was appointed insolvency administrator.
The business remained fully operational after filing for insolvency, and a structured M&A process was initiated. Attorney Mr Frank Brachwitz worked with MBL management to search for an investor for the company. This process was conducted with an international focus, and Mr Brachwitz was able to bring it to a successful conclusion following detailed contractual negotiations.
The insolvency administrator achieved a solution four months after the proceedings had been opened. MBL’s operations were sold to Chow Tai Seng, a Chinese luxury goods group, by way of an asset deal. The Berlin location and the Eberswalde production facility have been maintained. All 50 or so employees have been kept on by the new owner. The creditors can expect a 100% recovery rate.
Manufacturing and Engineering
Lilium GmbH and Lilium Aerospace GmbH: Selling Patent Portfolio
Founded near Munich in 2015, Lilium was developing an electric vertical take-off and landing (eVTOL) aircraft – the Lilium Jet. The start-up company went public on the US technology exchange NASDAQ in 2021. It had around 1,200 employees working on production setup and battery technologies. Overall, it invested some 1.5 billion euros in bringing the aircraft to market, but ran into financial difficulties. Lilium had to file for insolvency in 2024. Mr Ivo-Meinert Willrodt from PLUTA is the insolvency administrator for Lilium GmbH and Lilium Aerospace GmbH. These were involved in self-administration insolvency proceedings from October 2024 and then in regular insolvency proceedings since March 2025 after the sale of the company had fallen through. Mr Wolfgang Bernhardt is insolvency administrator for the holding company Lilium N.V.
The German electric aviation pioneer owned the intellectual property rights. Lilium’s patent portfolio included over 300 patents covering innovations in high-voltage systems, battery management, advanced aircraft design, flight controls, electric engines, propellers and ducted fans for eVTOL aircraft. Mr Ivo-Meinert Willrodt conducted a complex bidding process for the sale of the patent portfolio as part of the insolvency proceedings.
Insolvency administrator Mr Ivo-Meinert Willrodt sold the patents and registered intellectual property rights to Archer Aviation, a US-listed company. The purchase price is in the low to mid double-digit million euro range. After lengthy negotiations in a complex transaction process, Archer prevailed in the bidding. The sale to Archer offers the highest level of transaction and execution certainty. The creditors will also benefit from this outcome.
Manufacturing and Engineering
MBL Akustikgeräte GmbH & Co. KG.: Investor solution
MBL Akustikgeräte has been producing audio devices of uncompromising quality for decades. It manufactures all loudspeakers and electronics at its own production facility near Berlin. MBL’s Radialstrahler loudspeakers have an outstanding reputation among audiophiles and music aficionados worldwide. The company is a leading brand in high-end audio. The business filed for insolvency due to liquidity problems. PLUTA restructuring expert Mr Frank Brachwitz was appointed insolvency administrator.
The business remained fully operational after filing for insolvency, and a structured M&A process was initiated. Attorney Mr Frank Brachwitz worked with MBL management to search for an investor for the company. This process was conducted with an international focus, and Mr Brachwitz was able to bring it to a successful conclusion following detailed contractual negotiations.
The insolvency administrator achieved a solution four months after the proceedings had been opened. MBL’s operations were sold to Chow Tai Seng, a Chinese luxury goods group, by way of an asset deal. The Berlin location and the Eberswalde production facility have been maintained. All 50 or so employees have been kept on by the new owner. The creditors can expect a 100% recovery rate.
Aviation
Lilium GmbH and Lilium Aerospace GmbH: Selling Patent Portfolio
Founded near Munich in 2015, Lilium was developing an electric vertical take-off and landing (eVTOL) aircraft – the Lilium Jet. The start-up company went public on the US technology exchange NASDAQ in 2021. It had around 1,200 employees working on production setup and battery technologies. Overall, it invested some 1.5 billion euros in bringing the aircraft to market, but ran into financial difficulties. Lilium had to file for insolvency in 2024. Mr Ivo-Meinert Willrodt from PLUTA is the insolvency administrator for Lilium GmbH and Lilium Aerospace GmbH. These were involved in self-administration insolvency proceedings from October 2024 and then in regular insolvency proceedings since March 2025 after the sale of the company had fallen through. Mr Wolfgang Bernhardt is insolvency administrator for the holding company Lilium N.V.
The German electric aviation pioneer owned the intellectual property rights. Lilium’s patent portfolio included over 300 patents covering innovations in high-voltage systems, battery management, advanced aircraft design, flight controls, electric engines, propellers and ducted fans for eVTOL aircraft. Mr Ivo-Meinert Willrodt conducted a complex bidding process for the sale of the patent portfolio as part of the insolvency proceedings.
Insolvency administrator Mr Ivo-Meinert Willrodt sold the patents and registered intellectual property rights to Archer Aviation, a US-listed company. The purchase price is in the low to mid double-digit million euro range. After lengthy negotiations in a complex transaction process, Archer prevailed in the bidding. The sale to Archer offers the highest level of transaction and execution certainty. The creditors will also benefit from this outcome.
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PLUTA attorney Florian Zistler ensures continued operation of Aalen hotel – follow-up solution agreed with PIAZZA
Mr Zistler and his PLUTA team have kept the hotel (with a total of 29 employees) fully operational since the company filed for insolvency in January 2025 and achieved solid business growth in that time. All jobs have now been saved with the agreement reached. Existing bookings also remain valid.
Bayreuth firm Communicall files for insolvency – PLUTA attorney Peter Roeger ensures continuation of operations
Communicall GmbH has filed for insolvency with the Local Court of Bayreuth, as the competent court. On 22 January 2026, the court then ordered provisional insolvency administration and appointed attorney Mr Peter Roeger from PLUTA Rechtsanwalts GmbH as provisional administrator.
Funke foundry creditors approve insolvency plan from PLUTA attorney Ingo Thurm
Insolvency administrator Mr Ingo Thurm from PLUTA Rechtsanwalts GmbH has announced welcome news: the future of Metallgießerei Wilhelm Funke GmbH & Co. KG based in Alfeld has been secured. Creditors unanimously approved the presented insolvency plan at today’s voting meeting.
Vynova Wilhelmshaven continuing to operate – PLUTA restructuring expert Dr Christian Kaufmann conducting process of finding investor
Insolvency administrator Mr Ingo Thurm from PLUTA Rechtsanwalts GmbH has announced welcome news: the future of Metallgießerei Wilhelm Funke GmbH & Co. KG based in Alfeld has been secured. Creditors unanimously approved the presented insolvency plan at today’s voting meeting.
The creditors’ approval of the insolvency plan is both legally and financially significant. Following court confirmation of the plan, it will be possible to terminate the insolvency proceedings in the near future. This provides the company with legal certainty, clear structures and the basis it needs to continue operating in the long term outside of the insolvency proceedings.