The Impact of Offshore Financial Centers and Political  Will on Asset Recovery: Case Studies of Egypt and Tunisia

Osama Hamza Mahmoud  Abdelfattah

doi:10.36941/mjss-2025-0013

Authors

Osama Hamza Mahmoud Abdelfattah Dr., Associate Professor, Public International Law, Faculty of Law, Helwan University, Egypt

DOI:

https://doi.org/10.36941/mjss-2025-0013

Keywords:

Asset Recovery, Arab Spring, Egypt, Tunisia, International Cooperation, United Nations Convention against Corruption (UNCAC), Political Will, Legal Frameworks, Repatriation of Stolen Assets

Abstract

This essay critically analyzes asset recovery operations in Egypt and Tunisia after the Arab Spring. The legal, political, and institutional barriers to the repatriation of stolen assets and these nations' solutions are examined. The article also examines how international collaboration, particularly Offshore Financial Centers (OFCs) and political will, aids asset recovery. The research emphasizes the importance of international legal standards and global collaboration through a qualitative investigation of legal documents, international treaties, case law, and relevant literature. Although progress has been made, international assistance and complicated legal systems remain major obstacles. This article sheds light on international law systems, practical and judicial considerations that affect cross-border asset recovery.

Received: 10 January 2025 / Accepted: 28 February 2025 / Published: 10 March 2025