Law: Sanctions and Anti-Money Laundering Act 2018 (UK)
SCC panel sides with Russian group over sanctions
A Moscow court has enforced an SCC award that found an Austrian subsidiary of Russia’s largest petrochemicals group was not owned or controlled by persons subject to EU or UK sanctions.
24 October 2024
UK appeal court finds Russia sanctions don’t prevent fraud suit
The Court of Appeal in London has confirmed that the UK sanctions regime does not prevent courts from entering judgment in favour of sanctioned persons in civil litigation – meaning an US$850 million fraud suit brought by two Russian banks can proceed.
09 October 2023