Russian Central Bank Appeals to EU Top Court Amid Euroclear Dispute
8 Articles
8 Articles
The Central Bank of Russia appealed to the General Court of the European Union, challenging the EU Regulation adopted in July, which allows European courts and member countries not to recognize or comply with Russian courts ' decisions
The Bank of Russia has filed an application with the European Court of Justice to obtain the possibility of recovering 200 billion euros of frozen assets from the European depositary. The Bank of Russia has applied to the General Court of Justice of the European Union for the lifting of restrictions on the recognition and enforcement of decisions of Russian courts, and has handed over to RIA News. The Regulator contests an article of the EU Coun…
The Bank of Russia contests before the EU Court of Justice the regulations of the Council of the European Union prohibiting Russian individuals, among other things, from applying for recognition and enforcement of individual decisions of Russian courts in any jurisdiction, is referred to in the CEC communication.
The Central Bank challenged in the general Court of the EU the restrictions that make it possible not to recognize Russian court decisions and their execution
The Central Bank challenged in the general Court of the EU the restrictions that make it possible not to recognize Russian court decisions and their execution.The regulator noted that this practice contradicts the principles of access to justice.
Russia has opened a new legal front against the European Union over frozen central bank assets. The Russian central bank is now challenging an EU rule that it says would hinder the implementation of the €200 billion Euroclear judgment.
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