The English High Court has confirmed that UK courts do not consider sanctions a bar to enforcing arbitration clauses referring disputes to the London Court of International Arbitration (LCIA). The court’s 10 May ruling...more
Last month, the UK introduced new sanctions against Russia by way of the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2023 SI 2023 No. 440 (the “2023 Amendment”), which amends the Russia (Sanctions) (EU Exit)...more
Last month, judgment was handed down in the case of LLC Synesis v Secretary of State for Foreign, Commonwealth and Development Affairs [2023] EWHC 541 Admin. This is the first application brought under section 38 of the...more
On 16 March 2023, the Office of Financial Sanctions Implementation (“OFSI”) published updated guidance on enforcement and monetary penalties for breaches of financial sanctions (the “Guidance”). The Guidance now specifies...more
Effective February 5, 2023, a coalition of G7 countries, Australia, and the European Union have generally forbidden service providers to provide certain services relating to the maritime transport of certain Russia-origin...more
Effective December 5, 2022, a coalition of G7 countries, Australia, and the European Union have generally forbidden service providers to provide certain services relating to the maritime transport of Russia-origin crude oil...more
12/6/2022
/ Australia ,
Economic Sanctions ,
EU ,
Exports ,
G7 ,
General Licenses ,
Maritime Transport ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Oil Prices ,
Russia
The UK Government has introduced further restrictions on trade with Russia to build on those already in place. The Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022 (“No.14 Amendment”) came into force on 21...more
Consistent with past policy announcements, the UK Government has now brought forward new legislation which will further restrict the ability of UK citizens and companies to deal with Russian companies and individuals. A key...more
The energy transition and climate crisis continue to be a hot topic in political and economic circles. Current global events only serve to demonstrate the need for nations to diversify their sources of energy. Whilst nuclear...more
In response to Russia’s military actions in Ukraine, European and other western States have imposed wide-ranging sanctions on Russian businesses and individuals. Europe’s heavy reliance on Russian oil and gas has been at the...more
3/16/2022
/ Economic Sanctions ,
Energy Sector ,
EU ,
Export Controls ,
Foreign Policy ,
Foreign Relations ,
Hydrogen Power ,
Oil & Gas ,
Popular ,
Renewable Energy ,
Russia ,
Supply Chain ,
UK ,
Ukraine