New Presidential Decree No. 442 On compensation of damage from US confiscation of Russian assets
23 May 2024
Dear Ladies and Gentlemen,
Please be informed that, today, as of May 23, 2024, by Decree No. 442 (“Decree No. 442”) the Russian President instructed the Russian Government to take measures aimed at establishing a special procedure for compensation of damage caused to the Russian Federation and the Central Bank of Russia (“Russian rightholders”) from unjustified confiscation of Russian sovereign assets in the United States in connection with decisions of state bodies and/or judicial authorities of the United States (“damage”).
More details here:
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Note: please be aware that all information provided in this letter is based on an analysis of publicly available information as well as our understanding and interpretation of legislation and law enforcement practices. Neither ALRUD Law Firm nor the authors of this letter bear any liability for the consequences of any decisions made in reliance upon this information.
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Sincerely,
ALRUD Law Firm
Lesnaya st., 7, 12th fl., Moscow, Russia, 125196
Т: +7 495 234 96 92, Т: +7 495 926 16 48, info@alrud.com
alrud.com
Т: +7 495 234 96 92, Т: +7 495 926 16 48, info@alrud.com
alrud.com