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By Maya Lester KC & Michael O’Kane

UK amends general licence authorising payments for VTB Capital’s insolvency proceedings

8 January 2025

UK amends general licence authorising payments for VTB Capital’s insolvency proceedingsNegro-Elkha/Shutterstock.com

OFSI has amended General Licence INT/2022/1280876 which permits certain UK, EU and Guernsey subsidiaries of VTB and Sberbank (Russian banks) to make payment for basic needs, reasonable fees or service charges arising from routine...

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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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