A massive bank audit was carried out in the United Arab Emirates (UAE) in the spring, aimed at identifying the scale of companies’ work with Russia. After the bank audit, the UAE began a wave of purges of companies with Russian roots – they can be blocked and their accounts closed not only because of sanctions, but also because of a late response to a request from the bank or an error in the requested documents. In such cases, a connection with Russia becomes an aggravating circumstance.
Andrei Gusev, Senior Partner at Nordic Sar Law Offices, commented on the situation on the RBC website.
More details – at the link.
Andrei Gusev
Senior Partner, Attorney-at-Law
+7 921 938 29 90, +34 695 043 424, +376 692 1714
St. Petersburg, Barcelona, Almaty