UK court discharges worldwide freezing order because sanctioned bank (VTB) failed to pay fortification into court & says asset disclosure order and freezing injunction are not funds / economic resources

7 September 2026

UK court discharges worldwide freezing order because sanctioned bank (VTB) failed to pay fortification into court & says asset disclosure order and freezing injunction are not funds / economic resourcesSvet foto/Shutterstock.com

In two judgments in July 2026, the UK High Court discharged a worldwide freezing order (WFO) obtained by UK-sanctioned bank VTB against Timur and Alfiya Kuanyshev to support VTB’s proceedings in Russia (VTB Bank...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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