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When the investors' accounts were transferred to Westport, the bank did not confirm that there were assets in the accounts, and indeed, no assets existed, according to court documents.
Conservative councillor Randal Brew said if schools and council housing were excluded, there were assets worth about £4bn that could be considered.
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If you are looking at art solely for a financial return, then there are assets in the financial markets that offer higher and more guaranteed profits.
As long as there are assets outside Russia, an English judgment can be enforced.
Given that there are assets backing much of the banks' loans, some analysts said the stock market had overreacted.
"Note there are assets that sit outside [JP's] proposed focus area which appear attractive," said Liberum analyst Ian Whittaker.
"At that point, we'll be able to figure out if there are assets there, and if so what steps are necessary to get them," Ms. Hayhoe said.
International law may provide some assistance: there are assets expropriated in 1915 that can still be traced, and many ruined churches that can be restored and returned.
Also, there are assets beyond (or, at a pinch, instead of) combat troops that would make a huge difference, without "breaking the bank" for combat troops elsewhere.
"There are assets we'll be able to use in our own advertising and communications efforts," said Linda Gangeri, national advertising manager at the Volvo Car Corporation, owned by the Zhejiang Geely Holding Group, in areas like digital and social media.
So there are assets that they are probably not aware of," he says.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com