The hearing represents a follow-up to Point 27 of Parliament’s Resolution on War Crimes in Ukraine adopted on 19 May 2022, which calls on the European Commission to establish a legal instrument allowing for frozen Russian assets and funds, that is assets owned by the Russian Federation or affiliated entities or its citizens seized/frozen as a result of sanctions, to be confiscated so that they can be used as reparations and for the reconstruction of Ukraine.
The hearing is organised to give answers to two questions:
a) How should such a legal basis be established in order to observe public international law, in particular as regards the protection of property and of other rights?
b) Could there be a rise in cross-border civil law claims arising from such steps and the related litigation, as a result of such new legal instrument and if yes, what would be the impact on the effectiveness of such new legal instrument?
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Alina Tryfonidou – Professor of European Law, Neapolis University Pafos (CY) & Visiting Professor of Law University of Reading (UK)
Björn Sieverding – Board Member of Network of European LGBTIQ* Families Associations, NELFA
Laura Martínez-Mora – Secretary (Lawyer), Hague Conference on Private International Law (HCCH)
Source : © European Union, 2022 – EP