header-logo header-logo

24 March 2023
Issue: 8018 / Categories: Legal News , International justice , Sanctions , Rule of law
printer mail-detail

NLJ this week: Oligarchs, confiscated assets & the future of Kyiv

115856
Could seized sanctions assets be used to fund the reconstruction of Ukraine? It’s a fascinating question. 

In this week’s NLJ, Maria Nizzero writes that ‘policymakers have expressed increased interest in freezing, seizing, but also repurposing the sanctioned assets, including those of the so-called “oligarchs”, for the benefit of Kyiv’.

Nizzero, a research fellow at RUSI’s Centre for Financial Crime and Security Studies, points out, however, there are ‘inherent limitations’ in this plan, before setting out some of the complexities, obstacles and potential routes around the obstacles.

She writes: ‘Choosing to prioritise the strengthening of the sanctions regime is not a Sophie’s choice for policymakers: bolstering the response to sanctions evasion now does not imply that permanent confiscation of other Russian sanctioned assets cannot be achieved.’ 

Read more on this subject here.

MOVERS & SHAKERS

Anthony Collins—William Hallett & Lorna Scully

Anthony Collins—William Hallett & Lorna Scully

Anthony Collins hires two talented legal directors

Switalskis—five appointments

Switalskis—five appointments

Firm expands national abuse compensation team

Mathys & Squire—nine promotions

Mathys & Squire—nine promotions

IP firm announces new partners and senior promotions across UK offices

NEWS
Executors may be overlooking billions of pounds in estate assets hidden in forgotten investments and misplaced share certificates
Britain’s booming non-surgical cosmetics market is operating in what some critics describe as a regulatory ‘Wild West’
Family contact disputes are becoming an increasingly prominent feature of Court of Protection litigation
Material obtained through US discovery applications may have a much longer legal life than many litigants realise
English courts are developing a distinctly practical approach to sanctions disputes arising from Russia’s invasion of Ukraine
back-to-top-scroll