Sanctions Risk and Preserving Distressed Assets in the United Kingdom

In Short

The Situation: As businesses continue to grapple with realising the value of business and assets which are potentially impacted by sanctions related to Russia's war in Ukraine, an English company recently utilised an insolvency process to seek court approval for a proposed divestment.

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Trade & Customs, Jones Day, Insolvency, Office of Financial Sanctions Implementation (UK)
Authors:
Philip J. Devenish , Giles P. Elliott , David Harding , Vica Irani , Ben Larkin , Nadiya Nychay
Location:
United Kingdom
Firm:
Jones Day