Russian Oligarchs Launch Legal Attack on Belgium in Bid to Reclaim Frozen Assets
6 Articles
6 Articles
Nine Russian oligarchs have initiated proceedings to secure the release of their funds held at Euroclear in Brussels. This is reported by De Tijd, and the news has been confirmed to our editorial team. It is not yet clear what sums of money are involved.
Russian oligarchs and investors attack Belgium about assets blocked by Euroclear, whose headquarters are in Brussels, since the invasion of Ukraine in February 2022, write Tuesday L'Echo and De Tijd. ...
Russian oligarchs launch legal attack on Belgium in bid to reclaim frozen assets
Russian oligarchs and investors have initiated legal proceedings against Belgium over financial assets blocked at Euroclear, the Brussels-based European securities depository. The assets, frozen since the Russian invasion of Ukraine in February 2022, are facing nine “notifications of dispute”,...
Russian oligarchs are trying to unblock their assets in Belgium, which were frozen by EU sanctions imposed over the war in Ukraine, through arbitration. This was reported today by the Belgian dailies L'Echo and De Tijd. Their information was confirmed by the Belgian financial administration, which received nine notifications of the start of arbitration. A large part of the assets of Russian oligarchs are frozen in the Belgian securities deposito…
Russian oligarchs and investors are attempting to secure the release of their funds blocked in Brussels in nine cases. They are invoking an old treaty with Russia to conduct arbitration proceedings regarding the matter without magistrates acting as judges.
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