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Belgium’s treasury gets hit in the head for the benefit of Russian investors

The Belgian State Council has made an important decision for Russian investors. The refusal of BCS Bank to unlock assets was canceled, since the Treasury issued this decision received powers illegally. Now investors, who, in their opinion, were also wrongfully refused, can challenge the actions with reference to the decision of the state Council, says Sergey Glandin, partner of the law firm BGP Litigation.

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Belgium’s treasury gets hit in the head for the benefit of Russian investors

The Belgian State Council has made an important decision for Russian investors. The refusal of BCS Bank to unlock assets was canceled, since the Treasury issued this decision received powers illegally. Now investors, who, in their opinion, were also wrongfully refused, can challenge the actions with reference to the decision of the state Council, says Sergey Glandin, partner of the law firm BGP Litigation.

Source: Ведомости ↗

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