We regularly advise and assist with applications to OFSI for licences to allow our clients to underake specified activities which would otherwise be prohibited by sanctions legislation.

Notable Experience

  • Representing the subsidiary of a Russian bank in the EU in a complex licence application involving the Bank's efforts to realise client securities due to its winding down of operations in the EU.
  • Representing a Cypriot subsidiary of a sanctioned Russian bank to realise client funds and securities that have inadvertently become a consequence of the asset freeze measures on the bank.

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16.07.25

PCB Byrne successfully defends committal proceedings in respect of an alleged breach of a worldwide freezing order

03.07.25

PCB Promotions 2025