03/12/2023, a Russian private investor and a client of LINNIKOV & PARTNERS received a communication from the Belgian Treasury with revocation of the refusal to unfreeze securities belonging to the client that were blocked in the aggregated account of the National Settlement Depository (NSD) with the Euroclear Bank (Belgium). The Treasury now intends to re-examine the application, taking into account the objections of the investor.

On 27/11/2023, the Supreme Court of the Russian Federation concluded one of the most noticeable cases of recent years - the Promsvyazbank (PSB) case, also known as the “case of the Ananyev Brothers” or the “PSB managers’ case”. The dispute has been under consideration for almost 5 years — since December 2018.

CONGRATULATIONS ON THE LAWYER’S DAY! The L&P team sincerely congratulates all our friends, colleagues, and business associates on our professional holiday! We love our wonderful profession because it gives us a truly unique opportunity to gain deep insight into almost any area of human activity and learn many new things every day because all social relations, to one degree or another, are governed by the law. We wish strong health, wellbeing, lots of interesting work, and new great victories to all! Happy Lawyer’s Day!

On 29/11/2023, a major private investor, client of LINNIKOV & PARTNERS, has received a notice from his Russian broker on the successful completion of the transfer to Russia of a significant portfolio of securities of Russian issuers – leading energy companies of Russia.

On 20/11/2023 Leonid Karpov on behalf of the L&P team attended the regular meeting of members of the ITALIAN-RUSSIAN TRADE CHAMBER (IRTC), dedicated to the discussion of the current state of trade and economic relations between Russia and Italy.