Article
Confiscation Of Proceeds From Sanctions Breaches Reduced On Appeal
The Hague Court of Appeal has delivered its ruling on an appeal concerning the quantum of confiscation in a 2024 sanctions violation case involving the export of goods to Russian companies. Despite rejecting all defense arguments regarding cost deductions and financial means, the Court unexpectedly reduced the confiscation amount from €298,310 to €250,195 without providing any reasoning or legal basis for the reduction.
Duane Morris LLP
