a proposed Russian law that would nationalize operations of departing Western companies, the Wall Street Journal reported.Men walk in front of the McDonald's flagship restaurant at Pushkinskaya Square - the first one of the chain opened in the USSR on January 31, 1990 - in central Moscow on March 13, 2022, McDonald's last day in Russia.
“That’s not going to do them a lot of good in this case,” she said, explaining that Russia would be expected to refuse participation in any legal proceedings and assert sovereign immunity to insulate its government from any domestic claims. “You really can’t do much of anything.”“Once they have control of U.S. corporate assets, they're unlikely to let them go,” Brilmayer says of the scenario where Russia makes good on its threats.
One possible, yet slim, avenue for U.S. companies to regain seized property is through the U.S.-Russia negotiations, or through a larger peace deal with the U.S. government. It’s possible, Brilmayer said, that Russia would bargain for the return of Russian assets seized by the U.S. through sanctions, or otherwise. Such deals, she cautioned, can be slow to materialize.
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