By Maya Lester KC & Michael O’Kane

OFSI amends GL to permit German Banking Act insolvency-related payments

OFSI has amended General Licence INT/2022/1280876, ‘Russian Banks – UK subsidiaries – Guernsey subsidiary – EU subsidiaries – Basic needs, routine holding and maintenance, the payment of legal fees and insolvency related payments’, to permit people and entities to make / receive / process payments in connection with Insolvency Proceedings under the German Banking Act relating to VTB Capital plc …

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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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