In light of the proceedings held on 23 January 2024 at the European Court of Justice on the claim of the National Settlement Depository (NSD) requesting the lifting of EU restrictive measures, RBC approached the founder of L&P with a series of questions on the legal nature of sanctions, political context of the EU Council's decision to impose restrictive measures on NSD, and the impact of this decision on the Russian stock market.
On 19/01/2024, it was confirmed that a significant portfolio of securities of Russian issuers previously deposited in the owner's account with one of the Swiss banks was credited to the brokerage account of a large investor — client of “LINNIKOV & PARTNERS”.
On 18/01/2024, the office of the Commissioner for the Protection of the Rights of Entrepreneurs in Moscow summarized the results of its work in 2023 and awarded the leading pro bono experts of the Ecosystem for the protection of business in Russia’s capital.
On 09/01/2024, the official hearing, yet unprecedented in the practice of challenging of restrictive measures of the European Union, took place in the Federal Public Service Finance (Treasury) of the Kingdom of Belgium. The regulator held an online hearing on the application of the credit institution, an L&P client, to "unfreeze" assets belonging to its private customers, citizens of Russia and Belarus, blocked in the account of a broker designated for EU restrictive measures with the Euroclear Bank.
The LINNIKOV & PARTNERS team congratulates our colleagues on their professional holiday — Day of the Worker of Prosecutor’s Office of the Russian Federation, which is celebrated annually on 12 January to commemorate the landmark decree of Peter the Great of 12 (23) January 1722, instituting the prosecutor’s office in Russia.