Legal Games End up Forcing BNY Mellon to Partially Freeze Kazakh SWF Assets

Posted on 12/21/2017

A series of complicated legal battles in multiple jurisdictions has led to partial assets of a sovereign wealth fund being frozen by a custodial bank. Bank of New York Mellon (BNY Mellon) has frozen US$ 22.6 billion in assets that are held by Kazakhstan’s National Oil Fund. The Justice Ministry of Kazakhstan acknowledged that BNY […]

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