The Belgian State Council Has Declared the Treasury’s Refusal to Unblock the Foreign Assets of Russia’s BCS Bank to Be Unlawful
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4 Articles
The Supreme Administrative Court of Belgium, Gossowet, has declared illegal the refusal of the Belgian authorities to unfreeze the assets of the Russian BCS Bank frozen in the Euroclear depository through the National Depository of Payments (NDD). The judgement quashed the decision of the Belgian Treasury, transferred the RIA News to RIA. BCS Bank requested the Belgian authorities in January 2023 to unfreeze the funds and securities frozen after…
The Belgian State Council has declared the treasury’s refusal to unblock the foreign assets of Russia’s BCS Bank to be unlawful
The decision of the treasury’s general administrator dated 15 July 2024 to reject the applicant’s request to unblock its funds held at Euroclear Bank SA is annulled, the ruling published...
The Supreme Administrative Court, the Belgian State Association, declared illegal the Belgian authorities ' refusal to unfreeze the assets of the Russian BCS Bank frozen in ... ~ 14.09.2026, PRIM
The Belgian Council of State reversed the decision of the Treasury of the country, to which the BCS Bank had been denied the release of assets; the decision could give additional grounds for appealing similar refusals by Russian investors, the BGP Litigation lawyers considered.
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