By Maya Lester KC & Michael O’Kane

Belgium defines conditions for licence applications to sell positions deposited with Russian sanctioned NSD

Following the decision of the Luxembourg Finance Ministry in June to allow the release of funds of the Russian National Settlement Depository (NSD) frozen by EU sanctions (previous post), the Belgium Treasury has set out the conditions to apply for a licence (by 7 January 2023) for the sale of positions deposited with NSD and frozen in the accounts of …


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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