New Russian law to put 'unfriendly' assets at risk of seizure

Mark Battersby
clock • 3 min read

Companies which still have assets - including property, cash and data - in Russia are being advised to move or protect as much as possible as Russia moves to enact legislation that could lead to asset seizure, said Pinsent Masons in a briefing note on 27 April.  The new draft law does not define ‘unfriendly measures', but Pinsent Masons said it would likely be applied to the list of ‘unfriendly' states defined in a 5 March 2022 decree. The Russian parliament is currently considering a federal law amending part 1 of article 235 of the Russian Civil Code, which, if signed, would allow t...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?