By Maya Lester KC & Michael O’Kane

ESMA stakeholder group requests guidance on maintaining asset rights in Russian companies

The European Securities and Markets Authority (ESMA)’s Securities and Markets Stakeholder Group (SMSG) has published a position paper on depository receipts (DRs) in the context of EU sanctions on Russia. The paper outlines the effect of EU sanctions and Russian countersanctions on DRs and asks that the ESMA and European Commission provide guidance and a clear harmonised approach to EU …

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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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