The UK’s latest sanctions affect multiple areas and actors, including Turkish, Chinese, and Dubai-based entities alleged to support Russian military activities.
This Client Alert is published in the context of ongoing...more
The new measures bar the import of iron or steel products processed in countries other than Russia but incorporating Russian-origin iron or steel components. The measures form part of a series of significant sanctions updates...more
The Law Commission’s Final Report on the Arbitration Act 1996 makes a modest number of important recommendations for reform.
On 6 September 2023, the Law Commission concluded its review of the Arbitration Act 1996 (the...more
The price cap operates as an exemption to the ban on transportation of Russian seaborne crude oil to other countries.
This Client Alert is published in the context of ongoing developments and should be read in conjunction...more
12/12/2022
/ Crude Oil ,
Economic Sanctions ,
EU ,
G7 ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Oil Prices ,
Russia ,
Safe Harbors ,
UK ,
Ukraine
The ban hits new investment in Russia and certain professional services, while also restricting imports of Russian oil, coal, and gold and exports of key industrial goods.
This Client Alert is published in the context of...more
The new measures against Russia’s ally largely parallel the UK’s sanctions against Russia itself.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with Latham’s...more
The measures prohibit gold imports and add new SDN, Entity List, and asset freeze designations.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham &...more
7/5/2022
/ Asset Freeze ,
Belarus ,
Belarus Sanctions ,
Biden Administration ,
Economic Sanctions ,
Export Controls ,
General Licenses ,
Japan ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Trade Restrictions ,
UK ,
Ukraine
The UK’s financial sanctions regulator has released new guidance in light of its additional powers to police sanctions breaches.
This Client Alert is published in the context of ongoing developments and should be read in...more
Procedural omissions for service out of the jurisdiction will not impact issuance of a claim for the purposes of limitation.
In Chelfat v. Hutchinson 3G UK Limited [2022] EWCA Civ 455, the UK Court of Appeal recently...more
New rules and announcements expand existing sanctions and export controls relating to Russia.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham &...more
5/16/2022
/ Biden Administration ,
Economic Sanctions ,
EU ,
Export Controls ,
Financial Transactions ,
Foreign Policy ,
General Licenses ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
UK ,
Ukraine
New rules significantly expand the scope of existing sanctions and export controls on Russia.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham &...more
4/13/2022
/ Asset Freeze ,
Belarus ,
Economic Sanctions ,
EU ,
Export Controls ,
Financial Crimes ,
Foreign Investment ,
General Licenses ,
Japan ,
Russia ,
Trade Relations ,
Trade Restrictions ,
UK ,
Ukraine
New legislation introduces further sanctions powers and aims to tackle financial crime by revealing identities of overseas beneficial owners of UK property.
Following the UK government’s successive sanctions packages,...more
3/18/2022
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Economic Sanctions ,
Financial Crimes ,
Foreign Entities ,
Foreign Ownership ,
New Legislation ,
Office of Financial Sanctions Implementation (OFSI) ,
Russia ,
UK ,
Ukraine ,
Unexplained Wealth Orders (UWOs)
New rules significantly expand the scope of existing sanctions on Russia and impose extensive new export controls.
This Client Alert is published in the context of fast-moving developments and should be read in...more
The regulations will enable the UK government to impose sanctions in response to serious corruption around the world. On 26 April 2021, the United Kingdom implemented the Global Anti-Corruption Sanctions Regulations 2021 (the...more
The UK imposes travel bans and financial sanctions on eight Belarusian officials - including Belarus’ President.
On 29 September 2020, the United Kingdom imposed sanctions on eight Belarusian officials it considers to have...more
The regulations will enable the UK government to sanction persons “involved” in human rights abuses — potentially anywhere in the world.
On 6 July 2020, the UK Foreign Secretary announced the introduction of the Global...more
The Court of Appeal decision, which considered standard form wording and the “mandatory” nature of US sanctions laws, upholds a High Court ruling exempting a borrower’s non-payment of interest, albeit on different...more
The penalty reflects the increasingly active approach in the UK to the enforcement of sanctions breaches.
The UK’s financial sanctions regulator, HM Treasury’s Office of Financial Sanctions Implementation (OFSI), has...more
The Court’s ruling supports the general principle that costs follow the event.
In Andrew Martin, Nicholas Greene, Coban 2017 LLP (formerly named Strutt & Parker LLP) v. Michael Harris [2019] EWHC 2735 (Ch), the English...more
In a geopolitically significant case, the English High Court opined on important provisions of the EU sanctions regime.
The judgment of the English High Court in Ministry of Defence & Support for Armed Forces of the...more
The 2019 Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters offers certainty in cross-border enforcement of judgments.
On 2 July 2019, the Hague Conference on Private...more
Parties should avoid uncertainties by stipulating the applicable law to the arbitration agreement.
The decision in J (Lebanon) v. K (Kuwait) provides a useful analysis of which law (i.e., the law of the arbitration...more
Arbitral tribunal had jurisdiction despite the lack of an express arbitration clause.
In Sonact Group Limited v Premuda Spa [2018] EWHC 3820, the English High Court confirmed that an arbitral tribunal had jurisdiction over...more
An arbitration award cannot be enforced in England against a foreign State without serving the proceedings on that State through the diplomatic channels.
In General Dynamics UK Ltd v Libya [2019] EWHC 64 (Comm), Males LJ,...more
The Court allows an application to extend time for bringing arbitration proceedings under section 12(3) of the Arbitration Act 1996.
In the recent case of Haven Insurance Company Limited v EUI Limited (T/A Elephant...more