Lawyers tap hedge funds in bid to seize sanctioned Russian assets

Lawyers led by McCue Jury & Partners and Mishcon de Reya LLP are aiming to go after billions of dollars of sanctioned Russian assets with the help of investments from hedge funds, family offices and litigation finance firms, according to a report by Bloomberg. The report cites unnamed sources as saying that the lawyers are looking to raise funds to file legal claims against sanctioned Russians, with any proceeds largely being used to compensate Ukrainians for losses incurred from Russia invasion on its neighbour. Investors would receive a cut of any successful claims.