Mon-Fri from 08:00 till 19:00 Kyiv
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Only letter and space (from 2 till 30 characters)
Enter correct number, ex. +380777777777

Law on confiscation of russian assets adopted in Estonia

Law on confiscation of russian assets adopted in Estonia

On May 15, a law was passed allowing the use of frozen russian assets.

We are talking about the Government’s proposed Law on Amendments to the International Sanctions Law and, in connection with this, other laws.

In order to decide on the use of property as compensation for damage, the existence of damage and the need for compensation must be proven in accordance with international law. The injured foreign state must make a corresponding claim to the state that caused the damage.

To begin proceedings in Estonia regarding the use of Estonian property, a corresponding request must be sent. Estonia and the applicant state must agree on terms and conditions for the use of property as an advance payment for compensation for damages, as well as conditions for transferring the right of claim to the owner of the property. The connection between the owner of the property and the unlawful act must be sufficiently proven.

The decision to use property as an advance payment for damage caused is made by the Ministry of Foreign Affairs during administrative proceedings.

Order service

with our specialists

Only letter and space (from 2 till 30 characters)
Enter correct number, ex. +380777777777
Only name@mail.com format accepted
Only letter, numbers and spaces (from 2 till 30 characters)
Any questions left?

Sign up for free consultation with our specialist

Only letter and space (from 2 till 30 characters)
Enter correct number, ex. +380777777777