Sentences with phrase «asset freeze»

The phrase "asset freeze" refers to a legal action taken by authorities to prevent someone from selling, transferring, or accessing their money or valuable belongings. It is typically done to ensure that these assets are preserved and cannot be used or moved, usually due to suspected illegal activities or pending investigations. Full definition
In other words even legitimate businesses and investors could have their bitcoin assets frozen.
Many of those designated had few if any assets in the UK, and the total quantity of assets frozen in the UK and EU is about # 100,000.
We are well - known for our experience in the seeking and obtaining of asset freezing injunctions that affect assets held overseas and we understand exactly how to address the question of enforcement of English court orders abroad.
A report of a Commodity Futures Trading Commission subpoena on major cryptocurrency exchange Bitfinex and an Securities and Exchange Commission emergency asset freeze on an initial coin offering added to negative sentiment that day.
In cases involving injunctions, such as asset freezing orders, security will need to be posted and from time to time, fortified.
Representing a number of major Iranian and Iranian - owned commercial companies (including National Iranian Tanker Company, Bank Saderat Iran and Persia International Bank Plc) and related individuals challenging asset freezing measures in the UK and EU courts.
Successfully obtained asset freezing injunctions for auction house against Sheikh Saud Al Thani of Qatar who had failed to pay for valuable coins bought at auction: Baldwins v Sheikh Saud Bin Mohamed Ali Al Thani [2012] EWHC 3156.
Acting for a Russian bank in relation to proposed enforcement proceedings relating to an LCIA arbitration award against an individual borrower in Cyprus and other jurisdictions, including asset freezing relief.
We examine the CJEU's judgment in two appeals by the Council of the EU against judgments of the GC annulling asset freezes on two Iranian companies.
Acting for a Russian bank in relation to asset freezing relief against a Russian businessman in England.
In criminal matters, prosecutors can seek asset freeze orders from a district court based on a showing of probable cause that the assets are subject to permanent forfeiture.
In civil enforcement matters, regulators can seek asset freezes from an administrative law judge once an action is initiated, often in ex parte proceedings at which the respondent is not present.
Saudi billionaires look to move funds to escape asset freeze.
Some far - fetched examples might be fraud, some sort of US asset freeze / repatriation, false accounting, improper checks and balances or insurances as it cuts costs to keep its TER down, moneys not properly segregated between account owners, computer error...
the Motion Picture Association of America in copyright and asset freezing litigation against notorious internet entrepreneur Kim Dotcom
This suggests that the Myanmar courts would only enforce monetary judgments, at least from a procedural perspective, and that judgments in rem, such as relating to injunctions, including foreign asset freezing orders and specific performance, would not be enforced.
I also express the hope, though this is a matter for the courts and for Parliament, that the law will soon be clarified so as to allow asset freezes to be contested on the basis of the fullest possible information about the reasons for them.»
He was recently named to a nationwide debtor blacklist there, had more of his personal assets frozen, and was ordered to return to China by local regulators, all because of the financial failures of his company, LeEco.
The 1.24 billion yuan ($ 183 million) asset freeze also affects Jia's wife and three businesses affiliated with LeEco, which has been struggling for months with a cash crunch.
The court approved an emergency asset freeze over AriseBank.
To make things worse, the recent asset freeze of the Securities and Exchange Commission (SEC) added to the «down - time» of Bitcoin last Wednesday.
Jia Yueting, who built Chinese firm LeEco into a sprawling business empire, has had assets frozen by a Shanghai court, the company said Tuesday, confirming an earlier report in state media.
FOR IMMEDIATE RELEASE 2017 - 219 Washington D.C., Dec. 4, 2017 — The Securities and Exchange Commission today announced it obtained an emergency asset freeze to halt a fast - moving Initial Coin Offering (ICO) fraud that raised up to $ 15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month.
R (Arab Republic of Egypt) v The Treasury Acting, led by Paul McGrath QC and Tim Eicke QC, for the Arab Republic of Egypt in its judicial review of the Treasury's decision to withhold information relating to assets frozen in relation to a European Regulation.
Successfully set aside proprietary and asset freezing injunctions in Sukhoruchkin v Van Bekestin [2013] EWHC 1993 (Ch) where clients were accused of serious fraud and breaches of fiduciary.
He has extensive experience of claims involving fraud and of both making and defending applications for injunctions (including asset freezing and search and seizure orders).
The gas deal gives Moscow an economic boost at a time when Washington and the European Union have imposed visa bans and asset freezes on dozens of Russian officials and several companies over Ukraine.
The UN Security Council recently passed a resolution paving the way for the imposition of asset freezes and travel bans on companies that support armed groups in eastern Congo via the illicit mineral trade.
The accounts» owners could have their assets frozen or be blocked from the domestic financial system, the people said.
Senior administration officials said the individuals targeted by Thursday's sanctions will have assets frozen in the United States, will be barred from doing any business in the U.S. and will be unable to make transactions in American dollars.
May also said that Russians under suspicious would have their assets frozen, and that the British Royal Family and government ministers would not attend the 2018 World Cup in Russia.
Diplomats have said the UN Security Council could now consider banning Pyongyang's textile exports and the North's national airline, stop supplies of oil to the government and military, prevent North Koreans from working abroad and add top officials to a blacklist to subject them to an asset freeze and travel ban.
He is subjected to an asset freeze and travel ban.
The 12 non-North Korea ships are now subjected to a global port ban and must be de-registered, while the 15 North Korean ships are subjected to an asset freeze and 13 of those a global port ban.
For that, Lacroix earned a contempt of court charge in Quebec and had his assets frozen in the province.
Federal authorities will have to ask a judge to impose an asset freeze if they want to guarantee Shkreli doesn't dispose of ill - gotten gains.
Of the 147 banking crises identified between 1970 and 2012, only seven involved bank closures and asset freezes.
Both the borrower and the co-signer could be subject to having assets frozen and wages garnished if the debt isn't repaid.
Birmingham owner Carson Yeung has had his assets frozen by the Hong Kong courts after he was charged with five counts of money laundering — which he denies.
February 5 — Once one of the most influential figures in European football, playing a prominent role in the European Club Association and representing that body on various UEFA and FIFA committees, former Barcelona president Sandro Rosell continues to have his assets frozen in Spain.
According to government statistics 482 people suspected of terror offences have their assets frozen worldwide.
Speaking from Downing Street, Mr Cameron said: «It is time for Colonel Gaddafi to go and to go now, there is no future for Libya that includes him» and he said the British Government was «putting serious pressure» on the regime to relinquish power by imposing a travel ban and an asset freeze.
It wants an extension of the asset freeze against Russians who are responsible for the military incursion into Ukraine, as well as travel bans and asset freezes against Russians who have «misappropriated» funds from Ukraine.
A review of the charities sector would report at the end of the year to assess how to prevent their being used to channel terrorist funding, he said, noting that an investigation was launched into the charity Crescent Relief and its assets frozen this summer.
«We are also consulting with the administration on possible sanctions actions against individual Russians and Ukrainians that range from visa bans and asset freezes, to the suspension of military cooperation and sales, as well as economic sanctions,» the New Jersey Democrat said.
I'd suggest you get a fresh refill of your favorite beverage and read this, this, and this to better understand the complexity and allegations that let to this advanced fee attorney model debt settlement company being raided and assets frozen.
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