On 09/01/2024, the official hearing, yet unprecedented in the practice of challenging of restrictive measures of the European Union, took place in the Federal Public Service Finance (Treasury) of the Kingdom of Belgium. The regulator held an online hearing on the application of the credit institution, an L&P client, to "unfreeze" assets belonging to its private customers, citizens of Russia and Belarus, blocked in the account of a broker designated for EU restrictive measures with the Euroclear Bank.
The LINNIKOV & PARTNERS team congratulates our colleagues on their professional holiday — Day of the Worker of Prosecutor’s Office of the Russian Federation, which is celebrated annually on 12 January to commemorate the landmark decree of Peter the Great of 12 (23) January 1722, instituting the prosecutor’s office in Russia.
In addition to high-profile "sanctions" cases of the L&P team in 2023, it is important to point out an unusual case from the firm’s criminal law practice. Alexander Linnikov and Anton Minakov successfully closed a criminal case in which a client of L&P was accused of illegal hunting (Article 258 of the Criminal Code of the Russian Federation). Despite the attempts of the body of inquiry to bring the case to a guilty verdict at any cost, the defenders of the accused managed to achieve reconciliation with the victim in the person of the Ministry of Ecology of the Moscow region.
On 28/12/2023, the client of LINNIKOV & PARTNERS, a major credit institution based in Belarus, was informed about the decision to "unfreeze" the funds and financial instruments of its clients passed by the Bank of Latvia.
Sincere congratulations to all our friends, clients, colleagues, and business partners on the upcoming year 2024! We wish strong health, peace, joy, prosperity, and great new achievements to you and your loved ones! See you soon in the New Year!
On 22/12/2023, a private investor who retained L&P to prepare an application and oversee the procedure of unblocking securities deposited in a blocked account with the National Settlement Depository (NSD) was officially notified by the Belgian Treasury on granting of permission to transfer bonds to an account opened with an alternative broker. L&P has accumulated numerous successful experiences of obtaining permissions of the financial authorities of EU member states to unblock assets of Russian investors “frozen” by Euroclear. However, the latest case has several particular characteristics that are worth mentioning.
