Moscow Court Rejects State Motion to Seize Assets of US Private Equity Fund NCH Capital

A Moscow court dismissed a motion to seize NCH Capital assets, challenging the state pattern of confiscations and impacting the future of producer AgroTerra.

Insights:
A Moscow court on January 20, 2026, dismissed a motion filed by Russian RURUprosecutors to seize the assets of the US USUSprivate equity fund NCH Capital. The ruling also revoked previously ordered interim measures against the fund, marking a rare judicial reversal in the legal landscape of Russia. This decision revives the fund's claim to AgroTerra, a major agricultural producer and one of the country's top 20 landholders, which has been under temporary state management following a decree by President Vladimir Putin vladimir putinin April 2024.
NCH Capital was founded by George Rohr george rohr, a citizen of the United States, and Moris Tabacinic moris tabacinic, a citizen of Austria ATAT. Russianprosecutors had originally sought to ban the activities of the fund within Russia, alleging that its founders had provided funding for the military forces of Ukraine UAUA. Representatives for NCH Capital stated that they are encouraged by the court's ruling and reiterated that the prosecutors' claim was entirely without merit.
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