News & Analysis as of September 18, 2024

European Union › Blocking Statutes

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

[Event] 17th Annual Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance - April 25th - 26th, Washington, DC

American Conference Institute (ACI) on 4/5/2023

The American Conference Institute is hosting their 17th Annual Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance on April 25-26, 2023, in Washington! Don’t miss the opportunity to stay current with the...more

Navigating International Discovery Restrictions: Seven Recommendations

HaystackID on 2/6/2023

Background Note: International discovery exercises and investigations can be a complex and challenging process for cybersecurity, information governance, and eDiscovery professionals. Navigating the different laws and...more

Data Privacy Laws and Blocking Statutes: Five Practical Strategies for Counsel

HaystackID on 1/30/2023

Background Note: Data privacy has become a critical issue in the digital era, with laws and regulations constantly evolving. As a result, it’s important for cybersecurity, information governance, and legal discovery...more

CJEU Makes First Judgment Interpreting EU Blocking Regulation

Jones Day on 4/1/2022

An Eagerly Awaited Decision - The Grand Chamber of the Court of Justice of the European Union ("CJEU") has recently— and for the first time—given its opinion on the interpretation and application of the controversial...more

[Event] 16th Annual Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance - May 5th - 6th, Washington, DC

American Conference Institute (ACI) on 3/30/2022

ACI’s Annual Flagship Conference on Economic Sanctions Enforcement and Compliance is widely regarded as the premier conference designed for those working in global sanctions compliance, internal audits and investigations,...more

France Adopts a New Decree Reinforcing the Effectiveness of the French Blocking Statute

Jones Day on 3/17/2022

Pursuant to Decree No. 2022-207 dated February 18, 2022, companies receiving discovery demands or requests for information from foreign authorities now must turn to the Strategic Information and Economic Security Department...more

Navigating the Future Landscape of the EU Blocking Statute

Skadden, Arps, Slate, Meagher & Flom LLP on 1/31/2022

The European Union Blocking Statute was originally adopted in 1996 to counteract US sanctions on Cuba, Iran and Libya, but following a memorandum of understanding entered into between the EU and the US, it has seldom been...more

Top EU Court rules on the EU Blocking Regulation against U.S. sanctions for the first time

WilmerHale on 1/31/2022

Top EU Court Rules on the EU Blocking Regulation Against US Sanctions for the First Time - On December 21, 2021, the Court of Justice of the European Union (CJEU), sitting as a “Grand Chamber” (a formation used, among...more

Blocking Regulation: The first step towards solving the conflict of laws between EU and US sanctions

Hogan Lovells on 1/19/2022

The Court of Justice of the EU has interpreted for the first time the Blocking Regulation. The ruling confirms that it is possible to terminate contracts with a US designated person without providing reasons. However, in...more

Top EU Court Clarifies Anti-US Sanctions “Blocking Statute”

Latham & Watkins LLP on 1/7/2022

The court explains how the controversial EU law operates to bar EU persons from complying with US sanctions on Iran and Cuba. On 21 December 2021, the Court of Justice of the European Union (CJEU) released its long-awaited...more

Extraterritorial U.S. Sanctions and EU Blocking Rules: Damned If You Do, Damned If You Don’t

Akin Gump Strauss Hauer & Feld LLP on 12/22/2021

Court of Justice of the European Union sets Binding Rules on the Contractual Impact of the EU Blocking Regulation The EU Blocking Regulation (the “Regulation”)1 prohibits compliance by EU persons with certain U.S....more

Prohibiting Compliance With Certain U.S. Sanctions—Advocate-General Grapples With EU Blocking Statute Catch-22

Jones Day on 6/4/2021

The Situation: The EU Blocking Statute prohibits EU operators from complying with certain U.S. sanctions, creating a Catch-22 for EU operators facing two directly opposing legal regimes. Important guidance on the precise...more

The EU – U.S. Sanctions Dilemma: The Advocate General of the European Court of Justice Weighs in

Sheppard Mullin Richter & Hampton LLP on 5/27/2021

In May 2018 the United States announced the reinstitution of sanctions against Iran that had previously been lifted pursuant to the Joint Comprehensive Plan Action (“JCPOA”). The U.S. sanctions on Iran that were revived...more

EU Automotive Rules Under Review: Results of the Public Consultation

Latham & Watkins LLP on 3/23/2021

The European Commission (EC) has published the results of its public consultation on the review of the Motor Vehicle Block Exemption Regulation (MVBER). Key Points: ..The automotive sector is under surveillance as it has...more

Unwelcome Intrusion: Reckoning with the Impact of Economic Sanctions on Derivatives Transactions

Cadwalader, Wickersham & Taft LLP on 3/3/2021

I. A Growing Risk - The United States, along with the United Kingdom and European Union, has increasingly wielded economic sanctions against major commercial actors and financial transactions, sometimes roiling global...more

The European Commission Releases a Strategy to Strengthen EU Sanctions

Pillsbury - Global Trade & Sanctions Law on 1/22/2021

On January 19, the European Commission released a strategy intended to “stimulate the openness, strength and resilience of the EU’s economic and financial system.” One of the key pillars of the strategy is centered around...more

[Virtual Event] Flagship Conference on Economic Sanctions Enforcement and Compliance - July 29th - 30th, 8:00 am - 5:00 pm EDT

American Conference Institute (ACI) on 5/5/2020

The ACI’s 13th Advanced Flagship Conference on Economic Sanctions Enforcement and Compliance is going virtual and will be held on July 29-30, 2020. From the comfort of your home office, virtually attend the industry’s...more

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European Union › Blocking Statutes

[Event] 17th Annual Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance - April 25th - 26th, Washington, DC

Navigating International Discovery Restrictions: Seven Recommendations

Data Privacy Laws and Blocking Statutes: Five Practical Strategies for Counsel

CJEU Makes First Judgment Interpreting EU Blocking Regulation

[Event] 16th Annual Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance - May 5th - 6th, Washington, DC

France Adopts a New Decree Reinforcing the Effectiveness of the French Blocking Statute

Navigating the Future Landscape of the EU Blocking Statute

Top EU Court rules on the EU Blocking Regulation against U.S. sanctions for the first time

Blocking Regulation: The first step towards solving the conflict of laws between EU and US sanctions

Top EU Court Clarifies Anti-US Sanctions “Blocking Statute”

Extraterritorial U.S. Sanctions and EU Blocking Rules: Damned If You Do, Damned If You Don’t

Prohibiting Compliance With Certain U.S. Sanctions—Advocate-General Grapples With EU Blocking Statute Catch-22

The EU – U.S. Sanctions Dilemma: The Advocate General of the European Court of Justice Weighs in

EU Automotive Rules Under Review: Results of the Public Consultation

Unwelcome Intrusion: Reckoning with the Impact of Economic Sanctions on Derivatives Transactions

The European Commission Releases a Strategy to Strengthen EU Sanctions

[Virtual Event] Flagship Conference on Economic Sanctions Enforcement and Compliance - July 29th - 30th, 8:00 am - 5:00 pm EDT

Key Developments Coming Out of FATF’s Plenary Meeting

Cross-Border Investigations Update - September 2019

The publication of the Gauvain report on the protection of French companies against extraterritorial laws and measures

The new Act of 2 May 2019: the Belgian teeth to the EU blocking Regulation

Iran Threatens Partial JCPOA Suspension; US Imposes Sanctions on Certain Iranian Metals Sectors

Under Helms-Burton Act, Entities With Business Ties to Cuba Now at Risk of Lawsuits

US Lawsuits Commence against Non-US Persons for Confiscated Cuban Property, EU Raises Concerns

10 Things to Know: US Allows Lawsuits Relating to “Trafficking” in Confiscated Property in Cuba

European Union › Blocking Statutes

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