Asset freeze measures enacted by the United Kingdom against designated persons (DPs) can, under certain circumstances, extend to entities “owned or controlled” by DPs. To date, there have been few—and at times partly...more
The English High Court provided guidance on 25 April 2023 in Re Avanti Communications Limited to determine whether a charge is a fixed charge or a floating charge. The distinction between a fixed charge and a floating charge...more
In response to the conflict in Ukraine, the United States, United Kingdom, and European Union have issued a number of new sanctions against Russia. As we continue to monitor the evolving situation, we are pleased to offer...more
The United Kingdom on 10 February 2022 amended its Russian sanctions law to more easily add persons to its targeted sanctions regime, which enhances the UK’s ability to quickly impose sanctions against most parts of the...more
The still evolving US sanctions (as well as the EU and now also separate UK sanctions) continue to challenge Russia-related business. The sanctions frameworks are complex, changing, and, at times, inconsistent as well as...more
3/23/2021
/ Bureau of Industry and Security (BIS) ,
CAATSA ,
Crimea ,
Economic Sanctions ,
EU ,
Foreign Policy ,
Infrastructure ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Russia ,
SDN List ,
UK ,
UK Brexit
United States -
Various threats of further broad sanctions… triggered by ongoing negative developments and perceptions in the US-Russia relationship – though new sanctions legislation seems unlikely before the 3 Nov. US...more
10/7/2020
/ CAATSA ,
Crimea ,
Economic Sanctions ,
EU ,
Exports ,
Foreign Relations ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Trade Relations ,
UK ,
UK Brexit ,
US Trade Policies
The Corporate Insolvency and Governance Act 2020 came into effect in the United Kingdom on 26 June 2020. It makes major changes to UK insolvency law. The full extent of those changes will only become apparent in the following...more
The UK government launched a new loan guarantee programme for UK businesses—the Coronavirus Large Business Interruption Loan Scheme (CLBILS)—intended to plug the gap by providing loan guarantees for medium and large...more
The measures include temporarily suspending wrongful trading liability for directors and implementing a new restructuring plan and moratorium to provide companies with a period of time to explore rescue options during the...more
In response to the coronavirus pandemic, the UK government announced “£330 billion of guarantees,” which is divided into two schemes: the Covid Corporate Financing Facility and the Coronavirus Business Interruption Loan...more
The UK government announced changes to the Retail Price Index (RPI) on 4 September 2019. In summary, RPI will not be abolished, but RPI will be changed to match CPIH on a date between 2025 and 2030 (with such date to be...more
The Financial Conduct Authority (FCA) announced in July 2017 that by the end of 2021, it would stop compelling banks to contribute LIBOR quotes. This announcement, considered by many as the death sentence for LIBOR, has...more
Draft regulations published by the UK government in recent months amend existing laws regarding the financial market, and will apply upon the United Kingdom’s exit from the European Union on 29 March 2019....more
The draft laws also cover the application of EU law in the United Kingdom after “exit day” on 29 March 2019.
The UK government has begun publishing draft statutory instruments and accompanying explanatory memoranda and...more
UK law after the referendum.
Much has been written in the last few days (and, indeed, over the last few months) about the potential consequences of the repeal of 1000s of EU-originated laws in the UK. Most of it is an...more
The new UK legislation introducing PSC registers has created the potential for a new block on enforcement of share mortgages.
A UK company can now cause mischief by issuing a “restriction notice”. This has the effect of...more