Russian investors have filed a claim against Belgium over assets blocked in the Euroclear depository.
Russian investors have filed a claim against Belgium over assets blocked in the Euroclear depository.
Russian investors have submitted a claim and plan to initiate arbitration proceedings against Belgium due to assets frozen in Euroclear. They accuse the authorities of expropriating investments and violating the terms of the Bilateral Investment Treaty (BIT) between Russia and Belgium/Luxembourg, demanding their return. In the notice of dispute, submitted through a Russian law firm, the investors demand the return of funds, citing a lack of fair and equitable treatment. Belgium has six months to settle the claim pre-trial before the case is referred to international arbitration.
