Judgment concerning Luxembourg

Central hall of the Human Rights building
17/10/24

In the case of Amerisoc Center S.R.L. v. Luxembourg the Court held that there had been a violation of the right to protection of property.

The case concerned the freezing of a Costa Rican company’s assets in a Luxembourg bank account pursuant to a request for international mutual legal assistance issued by the Peruvian authorities as part of a criminal investigation into money laundering. The applicant company sought, unsuccessfully, to have its assets returned.

The Court held that the seizure complained of constituted interference with the applicant company’s right to the peaceful enjoyment of its possessions which, in the absence of a remedy by which to challenge this measure in an effective manner, was disproportionate to the legitimate aim pursued.

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