Practices Sectors Private clients
Family Law and Private Wealth
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Protection of UHNWI clients against sanctions risks

Unprecedented sanctions pressure has had a negative effect not only on Russia's economy but also on the lives of its citizens with significant influence and wealth.

The freezing of foreign assets, disruption of supply chains, lack of working capital, restricted financing, reduced business shareholdings, loss of management control and inaccessibility of customary tools for structuring private equity ownership are just a few of the challenges faced by big companies.

Services

The firm's services Include:
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  • drafting and certifying prenuptial, property division and alimony agreements, plus other transactions involving assets for distribution among family members
  • supporting dissolution of marriage, including determining participation in bringing up children, to confirm absence of common interests and separation of the spouses
  • setting up a personal fund in Russia or in the UAE to own and manage private capital in the new realities
  • opening settlement and brokerage accounts in safe jurisdictions and friendly banks with flexible compliance policies
  • analysing the securities portfolio for subsequent transfer or sale, particularly if the owner is included on sanctions lists
  • analysing the asset structure, including the risk of controlled and affiliated legal entities being detected by sanctions regulators
  • counselling on administrative and criminal liability risks
  • screening of a businessman's activities taking into account OFAC practice, including identification of potentially risky jurisdictions in terms of the likelihood of sanctions
  • adjusting the businessman's profile in the World-Check database and analogues, having PEP status removed
  • improving the businessman's positioning in public sources
  • analysing the client's property, family, inheritance and corporate situation to identify risks that might lead to the loss of significant assets, developing strategies and mechanisms to mitigate them

Practice

Team

Gaiane Shtoian
Counsel, attorney, mediator — Family Law and Private Wealth

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