By Maya Lester KC & Michael O’Kane

New UK Russia general licence for bond amendments and restructurings for non designated persons

OFSI yesterday issued General Licence (GL) INT/2023/2824812, ‘Bond amendments and restructurings for non-Designated Persons’ (Notice), under the Russia (Sanctions) (EU Exit) Regulations 2019. It authorises until 28 March 2025: A company, entity or institution which has issued a bond which considers that it has or may have Bondholders who are Designated Persons to effect the terms of any Bond restructuring …

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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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