Russia plans to legally seize assets of Western companies on its “unfriendly” list, escalating its response to international sanctions. This new law, spurred by a May 2024 Putin decree, allows for full confiscation following a court decision, unlike previous measures that only permitted freezing or temporary control. The legislation is framed as retaliation for Western sanctions and the freezing of Russian overseas assets. The move highlights the ongoing conflict and the significant consequences for companies attempting to divest from the Russian market.
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A New York civil fraud judgment against Donald Trump and co-defendants surpassed $500 million in late December, accumulating over $114,000 in daily interest. This massive debt, stemming from a judge’s finding of manipulated financial statements to secure favorable loans and insurance, is currently under appeal. Trump personally owes approximately $490 million, a sum exceeding the combined 2025 budget proposals for Albany and New Rochelle. While the appeals court’s decision is pending, interest continues to accrue, adding to the substantial financial liability.
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A federal judge is considering holding Rudy Giuliani in contempt for failing to comply with court orders to provide information and assets to two Georgia election workers awarded $148 million in a defamation suit. Judge Liman is dismissive of Giuliani’s attempts to avoid compliance and may infer negatively from this evidence, potentially jeopardizing Giuliani’s Florida condominium. The contempt hearing will address the seizure of Giuliani’s assets, including his Palm Beach property, to satisfy the judgment. Giuliani maintains the property is his primary residence and contests the seizure, with a trial scheduled for January 16th.
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To satisfy a $148 million defamation judgment awarded to Ruby Freeman and Wandrea Moss, I, Rudy Giuliani’s lawyer, have surrendered numerous assets, including dozens of watches, a ring, and a 1980 Mercedes-Benz. While some assets were delivered directly, I contest the immediate surrender of the Mercedes without prior appraisal, arguing it violates Mr. Giuliani’s rights if its value falls below legal exemptions. Further, I’ve requested exemptions for other items based on New York and Florida law, including clothing, household goods, and tools of the trade. Mr. Giuliani maintains this judgment is a result of political persecution and intends to appeal.
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Rudy Giuliani is facing a court hearing in New York City after failing to surrender his assets as part of a $148 million defamation judgment against him. The court ordered Giuliani to surrender possessions including his Manhattan apartment, a Mercedes, and various valuables, but lawyers for the plaintiffs discovered his apartment had been emptied weeks prior to the deadline. Giuliani’s legal team has argued unsuccessfully against surrendering his assets while appealing the judgment and claims the plaintiffs are engaging in intimidation tactics. The judge has rejected these claims and ordered Giuliani to appear in court to explain his actions.
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As I reflect on the recent threats made by Medvedev regarding the potential seizure of private US assets in response to Washington seizing frozen Russian reserves, I find myself torn between various emotions and thoughts. On one hand, the idea of companies still conducting business in Russia facing the consequences of their actions is satisfying. These entities knew the risks involved, yet chose profit over ethics and morals. They willingly engaged in transactions that supported a regime known for its human rights abuses and aggressive foreign policies. If they now find themselves on the losing end, they have only themselves to blame.… Continue reading
Letitia James nears green light to start taking Donald Trump’s assets. The anticipation builds, the hope surges, and yet, time and time again, we find ourselves in a never-ending cycle of waiting for justice to be served. It’s like watching a scene from a movie where the hero is running towards the final showdown, and yet, the climax remains just out of reach.
The legal dance continues, with attorneys speculating on the potential outcomes, the possible appeals, and the constant delays that seem to prolong the inevitable. The bond, the paperwork, the deadlines – all contributing factors to a process that feels mired in bureaucracy and legal maneuvering.… Continue reading
It is truly concerning to see the evasion tactics employed by individuals who owe large sums of money, especially when they are as high-profile as former President Donald Trump. E. Jean Carroll, who recently won an $83 million judgment against Trump, is rightfully expressing serious concerns about whether he will actually pay up. Trump’s history as a deadbeat borrower and the fact that seizing assets may be the only way to get what is owed speaks volumes about his character and financial responsibility.
The recent court filings and ongoing legal battles shed light on the lengths to which Trump will go to avoid paying his debts.… Continue reading
I couldn’t help but feel a mixture of disbelief and slight amusement when I first heard that Donald Trump was appealing the $454 million judgment in the New York civil fraud case. It almost feels like a never-ending saga, with each new development adding another layer of intrigue to an already convoluted situation.
Trump’s lawyers have certainly made a bold move by submitting a factual appeal without posting the bond required for the process to move forward. The fact that they are attempting to challenge the case on the grounds of a misapplied law and an expired statute of limitations adds another twist to the narrative.… Continue reading
Letitia James, the attorney general of New York, has announced that she is prepared to seize Donald Trump’s buildings if he cannot pay his $354 million civil fraud fine. This threat comes as a response to Trump’s failure to settle the judgment, leaving James no choice but to take legal action to enforce it. The prospect of Trump losing his prized properties, including Trump Tower and Mar-a-Lago, has sparked both controversy and excitement.
The idea of seizing Trump’s buildings, particularly Trump Tower, has ignited a range of reactions. Some view it as a necessary way to hold Trump accountable for his actions, while others see it as a drastic measure that could have far-reaching consequences.… Continue reading
John Q. Hosedrinker