The assets of a company not included on the list of persons and entities subject to EU sanctions may be frozen if that company is controlled by a person who is themselves subject to European sanctions, ruled the Court of Justice of the European Union (CJEU) in a judgment handed down on Thursday 12 March (case C-84/24).
In Lithuania, EM SYSTEM is challenging the freezing of its assets by two Lithuanian banks on the grounds that 50% of its capital is held by a Belarusian national, who...