Canada Lifts Most Economic Sanctions Against Libya

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On September 23, 2011, Canada amended its Libyan sanctions regime to implement recent steps taken by the United Nations Security Council significantly relaxing measures imposed against Libya. Canadian companies should be reviewing these changes to ensure that their compliance programs are fully up-to-date and any resumption of activity involving Libya or Libyan entities is fully compliant with economic sanctions measures that remain in force.

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Published In: General Business Updates, Criminal Law Updates, Energy & Utilities Updates, Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© John Boscariol, McCarthy Tetrault LLP | Attorney Advertising

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