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Artur Zurabian | comments for Lawyers considered the possibility of asset diversion from sanctioned Russian persons

Western lawyers want to seize Russian business people’s assets for the amount of $1 trillion, applying the proceeds for a compensation to Ukraine. For this purpose, they are looking for investors. In the opinion of experts interviewed by, lawyers may authorize their actions by imposition of sanctions.

According to Partner, Head of Litigation and International Arbitration at ART DE LEX Artur Zurabian, the actions of McCue Jury & Partners and Mishcon de Reya LLP are rather aimed at a PR effect. Since only the states that decided to impose sanctions can be a proper plaintiff for such cases.

Zurabian states: the question of legality of lawsuits for asset seizure is related to the question of legality of unilateral sanctions against private individuals and companies of another country without a UN decision. «From the point of view of such sanctioning state — yes, the grounds for seizure are legal. However, from the point of view of international public law, this is just banal expropriation, caused not by legal norms, but by a decision of political actors», — presumes the expert.

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