We started submitting applications to the Belgian Treasury to obtain individual licenses

23

03.24

In light of the European Union’s sanctions against the National Settlement Depository (NSD), many Russian investors have encountered a serious problem: their assets have been frozen by Euroclear, the international securities depository located in Belgium. These measures have caused significant concern, as access to investors’ funds has effectively been restricted.

However, under the current EU sanctions framework, there is a mechanism that allows affected investors to submit individual applications to the Belgian Treasury in order to obtain an individual license to unblock frozen assets. This represents a real opportunity to restore access to assets blocked due to sanctions against NSD.


Submitting Applications to the Belgian Treasury

The law firm DTK Partners has initiated the process of filing applications with the Belgian Treasury on behalf of clients whose assets have been frozen. This is a strategic step, as an individual license from the Belgian Ministry of Finance enables investors to lawfully regain access to their funds and minimize financial losses.

Submitting such applications requires a high level of legal expertise, as the procedure involves multiple steps and strict compliance with EU regulations. We prepare each application with attention to detail, ensuring it complies with European sanctions law and the practical requirements of Belgian regulators.


Steps to Obtain an Individual License

The process of unblocking assets through the Belgian Treasury includes the following key stages:

  • Information collection: We analyze and verify all documents confirming ownership of the frozen assets.

  • Legal preparation: Our experts prepare legal arguments based on relevant EU regulations and Belgian law.

  • Application submission: The full application package is submitted to the Belgian Treasury for consideration.

  • Communication with the regulator: We maintain ongoing communication with authorities to respond to any requests for additional information.


A Tailored Approach to Each Investor

We recognize that each case is unique, which is why we apply a personalized strategy for every application submitted to unblock assets in Euroclear. Our legal team works closely with each client to fully reflect their legal position and confirm legitimate ownership of the assets in question.

In addition, we maintain ongoing dialogue with the Belgian Ministry of Finance to ensure full process transparency and timely responses to any regulatory inquiries.


Restoring Access to Assets Is Possible

Filing an individual application is not only a legal necessity, but also a strategic opportunity to develop a successful model for engagement with European authorities. Obtaining an individual license to unblock frozen assets could set an important precedent for other investors affected by EU sanctions against NSD and Euroclear asset freezes.


We Work for Results

The team at DTK Partners continues to provide active support to clients impacted by the EU sanctions regime. We keep our clients informed throughout the process and strive to achieve positive outcomes that protect their financial interests.

📩 Contact us to receive a professional consultation and begin the process of applying for an individual license from the Belgian Treasury to unblock your assets frozen in Euroclear.