By Maya Lester KC & Michael O’Kane

Biden proposes forfeiture of frozen assets & other sanctions-related measures

On 28 April 2022, the White House announced that President Biden was to propose a legislative package that would “hold Russian oligarchs and elites accountable” for Russia’s aggression towards Ukraine. DOJ Press Release. Amongst other things, the proposals include: A streamlined administrative process for the forfeiture of US property that is owned by listed Russian “oligarchs” and linked to specified …

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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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