By Maya Lester KC & Michael O’Kane

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By Maya Lester KC & Michael O’Kane

Russian court orders seizure of JPMorgan funds in response to US asset freeze on VTB funds

26 April 2024

Russian court orders seizure of JPMorgan funds in response to US asset freeze on VTB fundsVitalii-Vodolazskyi_Shutterstock

The Arbitration Court of the St Petersburg and Leningrad Region has ordered the seizure of funds in JPMorgan bank accounts in Russia to satisfy VTB’s claim against JPMorgan for $439 million (judgment).  This reflects...

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Regimes / Regions

Sanctioning States

By Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor...

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