JERSEY: FREEZING ORDER OVER $7 BILLION OF ASSETS BELIEVED TO BELONG TO ROMAN ABRAMOVICH

A news release from the Jersey Government on 13 April announced that search warrants had been executed by police at premises in Jersey suspected to be connected to the business activities of Roman Abramovich.  In addition, the Royal Court also imposed a formal freezing order over assets understood to be valued in excess of $7 billion which are suspected to be connected to Mr Abramovich and which are either located in Jersey or owned by Jersey incorporated entities. 

https://www.gov.je/News/2022/Pages/Search-warrants.aspx

https://jerseyeveningpost.com/news/2022/04/13/assets-suspected-to-be-linked-to-abramovich-frozen/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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