Tuesday, January 20, 2026
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

Google faces 110 million euros French asset freeze after Russian ruling, documents show

by Mark Darwin
in Lifestyle
Google faces 110 million euros  French asset freeze after Russian ruling, documents show
Share on FacebookShare on Twitter


[PARIS/MOSCOW] The administrator of Google’s defunct Russian business has obtained a temporary freeze on some 110 million euros (S$167 million) of the Alphabet-owned company’s assets in France, official orders seen by Reuters show.

The move represents a rare attempt by Russian authorities to use legal channels to target assets of western companies overseas, amid rising tensions over the potential use of seized Russian assets in Europe.

Russia’s central bank is separately suing Brussels-based financial institution Euroclear, which holds many of the frozen Russian assets, in a Moscow court.

The measure against Google France involves shares belonging to Google International and was sought by Google Russia, acting through its court-appointed judicial administrator.

The French bailiff declined to comment. Google, Google Russia’s administrator and the French government did not respond to repeated Reuters requests for comment.

The French bailiff’s orders show that its action is based on three rulings issued between 2024 and 2025 by Moscow arbitration courts, which are regulated by international commercial law.

William Julie, the lawyer representing the liquidator at French law firm WJ Avocats, said that a Russian tribunal had found Google guilty of an illegal dividend payment in 2021 worth around 10 billion roubles (S$162 million).

Julie said that the Russian liquidator was also pursuing enforcement in Spain, Turkey and South Africa.

Google, whose parent Alphabet has a stock market value of some US$3.8 trillion, has faced multiple fines from Moscow, while Google Russia filed for bankruptcy in 2022 when authorities seized its bank account, months after Russia invaded Ukraine.

SEE ALSO

Google can challenge temporary freeze

The French bailiff’s order creates a temporary freeze and French law requires lawyers to launch formal recognition proceedings within one-month or the freeze expires.

Julie said that those documents would be filed with the court in the coming days and Google France also notified.

The Paris Judicial Court will then examine whether to grant a formal recognition and enforcement authorisation of the foreign arbitration decisions, Julie said, a process that could take up to a year and a half.

Google can challenge the temporary freeze with the enforcement judge. If a recognition and enforcement authorisation is granted, the frozen funds could be seized to satisfy the arbitration court judgements, Julie added. REUTERS

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Tags: AssetDocumentseurosFacesFreezeFrenchGoogleMillionrulingRussianShow
Mark Darwin

Mark Darwin

Next Post
Oracle denies report on OpenAI data centre delays

Oracle denies report on OpenAI data centre delays

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In