By Maya Lester KC & Michael O’Kane

UK amends VTB GL

On 1 April 2022, OFSI amended General Licence INT/2022/1280876 ‘Russian Banks – UK subsidiaries – ‘Basic needs, routine holding and maintenance, the payment of legal fees and insolvency related payments’ to allow any payments in connection with the Insolvency Proceedings of the UK subsidiary of VTB. (Notice) Any person, including any subsidiary of VTB incorporated in the UK, may make, receive …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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