VLADIVOSTOK, September 25 (RAPSI) – The measures developed by the Supreme Court of Russia helped to stop unlawful withdrawal of 50 billion rubles ($761 million), the court’s chairman Vyacheslav Lebedev has stated at the International Legal Forum of Asia-Pacific Rim states in Vladivostok.

Lebedev noted that one of the contemporary challenges, especially in time of economic crisis, is an unlawful legalization of monetary assets. Implementation of the measures developed by the court in many cases resulted in participants renouncing their claims.

The chairman added that several institutions: recognition and enforcement of rulings issued by foreign courts; mandatory enforcement of arbitration courts; transnational bankruptcy proceedings; are often used for malicious purposes.