The European Commission has published draft objectives for the first phase of the Brexit negotiations, focused on citizens' rights, the financial settlement and a continuing role for the European Court of Justice (ECJ). This...more
5/5/2017
/ Citizens Rights ,
Distribution Rules ,
EU ,
EU Single Market ,
European Commission ,
European Court of Justice (ECJ) ,
Exit Strategies ,
Financial Transactions ,
General Elections ,
Negotiations ,
Supply Chain ,
UK Brexit
The UK will hold a General Election on 8 June. While this will mean that the ongoing work of the Government on Brexit will be put on hold, the two-year deadline for the negotiations continues to draw closer....more
The UK Government today formally triggered the process of leaving the EU by invoking Article 50 of the Treaty on European Union. How are the negotiations likely to affect your business? Defining your priorities, developing...more
Companies should be reviewing their existing contracts — at least those which may still apply at the point of Brexit — and amending the standard terms of business they propose to use from now on, to account for when the UK...more
Roughly half of all UK trade is with non-EU countries1. It is argued that Brexit will accelerate the growth of this trade by enabling the UK to strike its own trade deals, particularly with the world’s largest and most...more
The consequences of breaching sanctions in the UK are due to increase in April. Prominent among the new measures is the power for the Office of Financial Sanctions Implementation (OFSI) to impose a monetary penalty and to do...more
A lot has been said about the uncertainties surrounding Brexit and its likely impact on doing business with and within the UK. Will London remain Europe’s financial centre? Will the UK reinstate customs duties on imports and...more
12/15/2016
/ Arbitration ,
Arbitration Awards ,
Bilateral Investment Treaties ,
Brussels Convention ,
Brussels Regulation ,
EFTA ,
European Commission ,
European Communities Act ,
Foreign Judgments ,
International Arbitration ,
International Litigation ,
Member State ,
New York Convention ,
Popular ,
UK ,
UK Brexit
The UK High Court ruled yesterday that the Government cannot rely on its historic prerogative powers to launch the Article 50 process to withdraw the UK from the EU. The Government has said it will appeal the decision to the...more
Four months have passed since the UK voted to leave the EU. We are still some way from knowing the likely terms of a post-Brexit agreement, even if the Conservative Party conference and other recent statements have given some...more
10/27/2016
/ Brussels Convention ,
Contract Terms ,
Data Protection ,
Environmental Policies ,
EU ,
EU Data Protection Laws ,
Free Movement ,
Immigration Reform ,
Intellectual Property Protection ,
Member State ,
One-Stop Shop ,
Popular ,
Rome Regulation ,
UK ,
UK Brexit
Pressure on businesses to do more to address slavery is ramping-up. In July, the UK Prime Minister described slavery as ‘the greatest human rights issue of our time’. Today, 18 October, marks Anti-Slavery Day in the UK....more
The Prime Minister has set out key principles for the government’s policy on Brexit, which indicate that the UK will not remain fully in the EU Single Market or the Customs Union, but will be negotiating a bespoke trade deal...more
10/6/2016
/ EU ,
EU Single Market ,
Financial Markets ,
Immigrants ,
Jurisdiction ,
Member State ,
Referendums ,
Trade Policy ,
UK ,
UK Brexit ,
WTO
The British people voted on Thursday to leave the EU. What happens next and what are the implications for business are crucial questions that need to be addressed.
What does this mean?
Whilst the vote is not legally...more
Two-thirds of large UK companies have come under cyber attack in the past year, according to the UK Government, and a quarter have been attacked at least once a month. But only half have taken any recommended actions to...more
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) eased certain sanctions against Burma/Myanmar on May 17, 2016, including by allowing most transactions involving Burmese financial institutions....more
UK exporters may now use two new Open General Export Licences (OGELs), reducing the administrative burden of exporting a range of military and dual use components, including printed circuit boards....more
The UK Government put a package of proposals to Parliament in February to increase both the type and the potential severity of consequences for persons and companies who breach EU financial sanctions. If approved, these...more
Late on Friday night in Brussels, European leaders agreed on a package they hope will keep the United Kingdom as part of the EU. The British people will now be asked whether they want to stay in the EU or leave, in a...more
The U.S. Commerce and Treasury Departments announced on January 26, 2016, actions to ease certain restrictions on transactions involving Cuba. The new actions do not significantly expand the types of activities in which U.S....more
Despite the easing of sanctions on Iran on 16 January under the Joint Comprehensive Programme of Action (JCPOA), some prohibitions and licensing requirements continue to apply to EU businesses. These are summarised below,...more
1/19/2016
/ Dual Use Goods ,
EU ,
Exports ,
Imports ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Licenses ,
Military End Use ,
Military Goods ,
Nuclear Power ,
Procurement Guidelines ,
UN Security Council
On Saturday, 16 January 2016, the International Atomic Energy Association (IAEA) submitted a report to the United Nations Security Council (UNSC) certifying that Iran has satisfied its obligations under the Joint...more
Public officials from the United States increasingly are making public statements regarding the likelihood that “Implementation Day” – the day on which many US and EU sanctions against Iran will be eased – will arrive in the...more
Sanctions programmes are established and developed as a political response to international relations developments; yet they impose significant obligations on commercial entities in terms of compliance. They may interfere...more
The ECO is making a combination of reforms, intended to improve its service in support of responsible defence and security exports while at the same time ensuring that the objectives of strategic trade controls to protect...more
The UK Government has published guidance1 on the transparency in supply chains provision of the Modern Slavery Act. Starting with those with a year-end of 31 March 2016, all organisations with a turnover above £36m will be...more
11/5/2015
/ Annual Statements ,
Audits ,
Filing Requirements ,
Franchisors ,
Human Trafficking ,
Modern Slavery Act ,
Parent Corporation ,
Partnerships ,
Publicly-Traded Companies ,
Reporting Requirements ,
Risk Assessment ,
Services ,
Subsidiaries ,
Supply Chain ,
UK
The European Commission is revising the list of dual use items subject to EU export, transit and brokering controls. This briefing summarises the main new and deleted entries, primarily concerning machine tools, avionics...more