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NLJ this week: Oligarchs, confiscated assets & the future of Kyiv

24 March 2023
Issue: 8018 / Categories: Legal News , International justice , Sanctions , Rule of law
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Could seized sanctions assets be used to fund the reconstruction of Ukraine? It’s a fascinating question. 

In this week’s NLJ, Maria Nizzero writes that ‘policymakers have expressed increased interest in freezing, seizing, but also repurposing the sanctioned assets, including those of the so-called “oligarchs”, for the benefit of Kyiv’.

Nizzero, a research fellow at RUSI’s Centre for Financial Crime and Security Studies, points out, however, there are ‘inherent limitations’ in this plan, before setting out some of the complexities, obstacles and potential routes around the obstacles.

She writes: ‘Choosing to prioritise the strengthening of the sanctions regime is not a Sophie’s choice for policymakers: bolstering the response to sanctions evasion now does not imply that permanent confiscation of other Russian sanctioned assets cannot be achieved.’ 

Read more on this subject here.

MOVERS & SHAKERS

Quinn Emanuel—James McSweeney

Quinn Emanuel—James McSweeney

London promotion underscores firm’s investment in white collar and investigations

Ward Hadaway—Louise Miller

Ward Hadaway—Louise Miller

Private client team strengthened by partner appointment

NLJ Career Profile: Kate Gaskell, Flex Legal

NLJ Career Profile: Kate Gaskell, Flex Legal

Kate Gaskell, CEO of Flex Legal, reflects on chasing her childhood dreams underscores the importance of welcoming those from all backgrounds into the profession

NEWS
Overcrowded prisons, mental health hospitals and immigration centres are failing to meet international and domestic human rights standards, the National Preventive Mechanism (NPM) has warned
Two speedier and more streamlined qualification routes have been launched for probate and conveyancing professionals
Workplace stress was a contributing factor in almost one in eight cases before the employment tribunal last year, indicating its endemic grip on the UK workplace
In Ward v Rai, the High Court reaffirmed that imprecise points of dispute can and will be struck out. Writing in NLJ this week, Amy Dunkley of Bolt Burdon Kemp reports on the decision and its implications for practitioners
Could the Supreme Court’s ruling in R v Hayes; R v Palombo unintentionally unsettle future complex fraud trials? Maia Cohen-Lask of Corker Binning explores the question in NLJ this week
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