Two investment management companies from Russia have filed lawsuits against Kazakhstan’s Central Securities Depository (CSD), according to Forbes, citing a website of the Russian legal system.
On January 9, 2024, an arbitrary court in the city of Moscow registered a lawsuit from Digital Assets Management against the CSD and Euroclear, a Belgium-based securities depository, which froze Russian investors’ assets in the spring of 2022. These assets were kept through a corresponding account of the National Settlement Depository (part of MOEX that was hit by the EU sanctions in 2022). Now, the company wants to take back $829,290. It also filed...