The Honourable Mélanie Joly, Minister of Foreign Affairs, today announced that Canada will seize and pursue the forfeiture of US $26 million from Granite Capital Holdings Ltd., a company owned by Roman Abramovich — a Russian oligarch sanctioned under the Special Economic Measures (Russia) Regulations.
A majority of Canadians support seizing the Canadian assets of foreign officials who are violating human rights, and using these assets to help victims, according to a new public opinion poll.
Read about the WRMC’s work on repurposing frozen assets to assist those forcibly displaced by acts of grand corruption.
This research paper assesses the four main legal options in dealing with frozen Russian assets: continued freezing, confiscation, private claims, and enforcement of a foreign judgement or international award.
WRMC Canadian Task Force Against Global Corruption member Prof. Robert Currie outlines the international legal aspects of Canada’s new legislation to seize and repurpose frozen foreign assets.
