Geneva-based Paramount Energy & Commodities SA is reportedly being “probed” by Swiss authorities over its use of a UAE subsidiary to continue trading in Russian oil above the $60 EU oil price cap (which Switzerland also implements). Pursuant to Swiss law, overseas subsidiaries are exempt from the oil price cap if they are “legally independent”.
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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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