In the case of Hellard & Ors v OJSC Rossiysky Kredit Bank & Ors1, the English High Court considered how the Russia (Sanctions) (EU Exit) Regulations 2019 apply in the context of bankruptcy proceedings where there are Russian creditors who may be subject to sanctions. The trustees in bankruptcy sought directions from the court on how to deal with this thorny and, at present, relatively untested issue.
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