LECAP provides legal support on involuntary transfer of Sberbank shares from foreign broker accounts of a group of individuals to those in Russia
LECAP’s clients were among the first to receive the shares following the transfer
send
subscribe
LECAP has provided legal support on the involuntary transfer of Sberbank shares from foreign broker accounts of a group of individuals to those in Russia and on the unlocking of such shares for further transactions.
The shares were transferred under Russian law, without the consent of the foreign broker and despite the sanction-related blocking of Sberbank shares. No hard copy documents had to be requested from the foreign broker, since data on the customers' accounts were obtained by the notarial review of electronic personal accounts with the broker.
As a result, LECAP’s clients were among the first to receive shares following the transfer.
print
send