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Banks Asset Freeze

White & Case LLP

Overview of Switzerland’s 10th sanctions package in relation to Russia

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On 29 March and 20 April 2023, Switzerland adopted new measures against Russia, following those recently adopted by the EU as part of a tenth sanction package. More industrial, high-tech and aviation goods are now banned for...more

American Conference Institute (ACI)

[Event] 17th Edition Fraud, Asset Tracing & Recovery Geneva - March 16th - 17th, Genève, Switzerland

Hosted by C5, the 17th Edition Fraud, Asset Tracing & Recovery Geneva returns for another exciting year with curated programming that will address historic government enforcement announcements, new strategies to tackle the...more

Kelley Drye & Warren LLP

EU Imposes Measure to Remove 7 Russian Banks from SWIFT Network; New RDIF & Currency Restrictions

Today, the European Union imposed a ban on the provision of specialized financial messaging services, including SWIFT interbank messaging network services, to seven Russian banks. The removal goes into effect March 12, 2022...more

White & Case LLP

US Expands Sanctions to Include Russia's Central Bank and Direct Investment Fund

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On 28 February 2022, the US imposed sanctions prohibiting transactions involving Russia's Central Bank and blocking Russia's Direct Investment Fund. In addition, the US issued implementing regulations for EO 14024....more

Bass, Berry & Sims PLC

Russia, Ukraine: Update as of the Evening of February 28

This UPDATED post summarizes the situation as of late evening on Monday, February 28, concerning current U.S. sanctions and export restrictions related to Russia and Ukraine. This post supplements our post of late evening on...more

White & Case LLP

New EU sanctions with asset freezes, tightened capital market sanctions and broad trade restrictions; UK asset freezes and details...

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On 28 February 2022, the European Union ("EU") adopted its third package of sanctions against Russia, imposing asset freezes on various Russian businesspersons active in the oil, banking and finance sectors, while closing off...more

McDermott Will & Emery

European Union Imposes Additional Sanctions on Russia and Belarus

On 24 and 25 February 2022, the European Union (EU) imposed additional extensive sanctions on Russia—and new ones on Belarus—in response to the Russian invasion of Ukraine. In this On the Subject, our trade and sanctions team...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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After more than 110 years as one of its mainstays, General Electric is out of the Dow Jones Industrial Average. It will be replaced by drugstore retailer Walgreens Boots Alliance....more

Dechert LLP

The Power of the Freezer

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In a helpful decision for claimants, the UK Supreme Court has confirmed that conspiring to breach a Freezing Order constitutes “unlawful means” for the purposes of the tort of Unlawful Means Conspiracy....more

Orrick, Herrington & Sutcliffe LLP

New Court Decisions Expose Non-U.S. Banks With U.S. Branches To New Risks Of Litigation In American Courts

Non-U.S. banks with branches in New York and elsewhere in the United States find themselves sued or otherwise exposed to judicial orders in American courts with regularity. The cases reflect the full range of U.S. legal...more

Proskauer Rose LLP

Recent Appellate Decisions Limit Access To Customer Assets Held At Foreign Bank Branches

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On October 23, 2014, the New York Court of Appeals held for the first time that, under New York law, the "separate entity" rule prevents a court from ordering a foreign bank operating branches in New York from restraining a...more

Latham & Watkins LLP

Ukraine Crisis Update: US and EU Expand and Align Sanctions

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The US and EU take coordinated action to broaden and align their Russia-related sanctions — which may evolve further depending on Ukraine peace plan progress. On September 12, 2014, the US and the EU announced new and...more

Latham & Watkins LLP

Ukraine Crisis Update: EU Enacts Sanctions Targeting Military Exports, Oil Sector and State-Owned Banks

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The EU’s “Stage 3” sanctions restrict exports to the Russian military, exports of certain technologies for the oil industry, and certain Russian State-owned banks’ access to EU capital markets. New EU Measures Target...more

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