Main page > About the company > News and mailing > Jurisdictions news > Deripaska is not an oligarch?

Deripaska is not an oligarch?


				03.09.2019
						On September 2nd, 2019 Oleg Deripaska’s lawyer, Eric Ferrari, has filed a new petition with the District of Columbia District Court to declare the inclusion of Deripaska in the sanctions list illegal, explaining why his client is not an oligarch. Thus, the billionaire does not abandon attempts to get out of the personal sanctions of the United States Treasury.

In a motion, the representative of Deripaska refer to the fifth amendment to the US Constitution. It guarantees that a person accused of committing a crime has the right to a proper trial, while the state “does not have the right to seize private property without fair remuneration”. The lawyer notes that, with his actions, the Ministry of Finance blocked the businessman’s access to his property in the United States, and closed the entrance to the country.

The petition contains an extract from a court decision in the case of Alfa Bank’s shareholders in 2005, in which the judge characterizes the “Russian oligarchs” as “persons who have close political ties with the Russian government, who gained wealth and power by transferring state assets and dubious transactions with Russian government officials.” The lawyer notes that the businessman does not fit this definition.

Deripaska came under U.S. sanctions on April 6th, 2018. In October 2018, the United States banned entry into the country, thereby blocking Deripaska's access to real estate in New York and Washington. In December, the businessman’s representatives managed to agree with the US Treasury to lift sanctions on En+, UC Rusal and OJSC EuroSibEnergo, but the billionaire remained under sanctions.

On materials f the following website: https://www.courtlistener.com/recap/gov.uscourts.dcd.205241/gov.uscourts.dcd.205241.11.0.pdf?fbclid=...

Back to the list news

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk


News

03/11/2020 11:46:00

Decline taxes in Great Britain

According to last changes, published on the website of Tax Service ...

Read more

02/17/2020 17:56:00

European Comission sends legal warnings regarding anti-money laundering laws

The European Commission has sent legal warnings to Cyprus, Portuga ...

Read more

02/14/2020 13:32:00

UK aims to launch freeports

The UK government has launched a consultation on creating up to 10 ...

Read more