Angelika Hellweger explains the challenges of freezing and seizing assets
The issues involved in deciding the future of frozen assets were detailed in an article by Angelika Hellweger.
Her piece refers to Libyan properties in London that have been frozen since 2011. It then assesses the situation regarding Russian assets in the wake of the invasion of Ukraine.
Angelika outlines the options available and explains why the use of unexplained wealth orders in the UK to seize oligarchs’ assets would be far from straightforward. She writes about the efforts made by the European Union to address the issue and the difficulties it faces when taking such an approach.
Angelika emphasises that establishing that assets were the proceeds of crime can be difficult and gives the reasons why this is the case. She also examines in detail the situation regarding Russian state assets and concludes that it may take years to fully resolve all the issues involved.
Angelika's article features on Lexis Nexis PSL. (Subscription required)
