Article
Confiscation Orders Issued Against Company And Individual Convicted In 2024 Of Sanctions Offences
A Dutch court has ordered the confiscation of €165,826 from a company convicted of illegally exporting aircraft parts to Russian customers in violation of EU sanctions. The Rotterdam Court's ruling follows an earlier conviction and demonstrates the Netherlands' approach to calculating confiscation amounts by allowing deductible costs, ultimately seizing only the profit element rather than total revenue from the unlawful transactions.
Duane Morris LLP