On May 12, 2025, UK Treasury changed permission 5.1 to permit bankruptcy trustees of Amsterdam Trade Bank N.V to fulfil statutory functions as bankruptcy trustees.
Also, the general license has been extended, now expires at 23:59 on May 12, 2030.
General license INT/2022/1678476 dated May 12, issued for ATB wind-down activities.
Allows payments and other permitted activities in relation to winding down activities, basic needs and insolvency proceedings for Amsterdam Trade Bank N.V or subsidiary.
Amsterdam Trade Bank N.V is a majority owned subsidiary of Alfa-Bank JSC which is a person designated under Russia (Sanctions) (EU Exit) Regulations 2019, reg 5.
Follows UK GVT Mar. 2022 issued new sanctions on Russia and Belarus, see #132779.
General License INT/2022/1678476 effective May 12, 2022, expires on May 12, 2023.
Mar. 2023 License Extended
On Mar. 28, 2023, UK OFSI announced license extended by 2 years to May 12, 2025.
May 2025 Amendments and Extension
On May 12, 2025, UK Treasury changed permission 5.1 to permit bankruptcy trustees of Amsterdam Trade Bank N.V to fulfil statutory functions as bankruptcy trustees.
Also, the general license has been extended, now expires at 23:59 on May 12, 2030.
