The UK and India have concluded talks on a free trade agreement. Although the text of the free trade agreement has not been released, the UK Government’s “summary of conclusions“ provides insights regarding the wide range of...more
The EU’s 16th sanctions package on Russia represents a significant expansion of measures, including additional restrictions on Russian banks, further oil and gas related restrictions, and new export and import restrictions. ...more
On 12 March 2025, the EU announced that it will impose countermeasures in response to new tariffs imposed by the US on steel and aluminium imports. The EU countermeasures are twofold: First, the European Commission will...more
From 9 January 2025, EU payment service provides are required to shift away from transaction-based sanctions screenings for certain intra-EU instant credit payments Regulation (EU) 2024/886, the “Instant Payment Regulation”,...more
The recent EU and UK sanctions adopted against Russia, have impacted economic operators in many ways. This article provides an overview of the current sanctions prohibitions affecting holders and traders of intellectual...more
Significant legislative changes have been made to the UK’s sanctions regime in the first half of September 2024, namely: These new amendments demonstrate the UK’s further efforts in imposing penalties against sanctions...more
The below alert provides a high-level overview of several measures recently adopted by the European Union (the “EU”) targeting Russia and Belarus, which include: (1) A new Russia sanctions regime, adopted on 27 May 2024,...more
The new EU notification requirements relating to transfers of funds out of the EU by EU entities with a certain level of direct or indirect Russian ownership enters into force soon. The reporting obligation has a broad scope,...more
A final decision with respect to the location of the new EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (“AMLA”) is expected on 22 February 2024, but it’s clear that AMLA, which the European...more