By Maya Lester KC & Michael O’Kane

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By Maya Lester KC & Michael O’Kane

OFSI amends GL to permit scheme of arrangement for UK subsidiary of VTB

4 June 2024

OFSI amends GL to permit scheme of arrangement for UK subsidiary of VTBWilliam Barton_Shutterstock

OFSI has amended General Licence INT/2022/1280876 (notice) to permit a scheme of arrangement prepared by the joint administrators of the UK subsidiary of VTB to deal with its insolvency proceedings. In April 2024, OFAC...

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Regimes / Regions

Sanctioning States

Michael O'Kane
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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