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.

News & Insights

14.04.25

Law 360 has reported on PCB Byrne’s representation of the primary Defendant in the ongoing trial of PIFSS v Al Rajaan & Others.

24.02.25

Further word on Supreme Court’s decision in important Insolvency Act case

19.02.25

UK Supreme Court confirms scope of s423 Insolvency Act

06.02.25

Cerberus refused permission to appeal €400 million judgment in favour of PCB Byrne client Banco Sabadell