High Court highlights four distinct categories of control in "ownership and control" test under UK sanctions regulations

The High Court has directed the trustees in a UK bankruptcy case to treat certain Russian bank creditors as not being subject to UK sanctions, unless new evidence suggests otherwise.

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Foreign and Commonwealth Office, Office of Financial Sanctions Implementation (UK)
Authors:
Ajay Malhotra , Kate Meakin , Elizabeth Head , Nihar Lovell , Ali Grodzki , Alexander Gridasov
Location:
United Kingdom
Firm:
Herbert Smith Freehills LLP