On 24 April 2024, the EU adopted a new directive (Directive (EU) 2024/1226 of the European Parliament and of the Council) which establishes EU-wide rules for defining criminal offences and penalties related to the violation...more
5/28/2024
/ Enforcement Actions ,
EU ,
EU Directive ,
Filing Deadlines ,
Germany ,
Legislative Agendas ,
Member State ,
Reporting Requirements ,
Sanction Violations ,
Sanctions ,
UK
In relation to Russia, the UK has introduced a new sanctions prohibition on the provision of legal advisory services, amended the process for the investigation of trade sanctions offences, and added the Kherson and...more
The UK has sanctioned 'financial fixers' for Russian oligarchs, extended the trust services prohibition to all persons subject to the asset freeze, and issued a General Licence permitting the restructuring or amendment of...more
The proposed Windsor Framework revising the Protocol on Ireland/Northern Ireland will, if implemented, solve some of the problems inherent in the operation of the Protocol and introduce collaborative processes for resolving...more
On 29 June 2022, the European Commission revealed its updated Blue Guide on the implementation of product rules in the EU. This contains some important changes, reflecting current market surveillance rules, and fills some...more
In this alert, we focus on the key takeaways for trade in goods under the EU-UK Trade and Cooperation Agreement ("EU-UK TCA"). Bilateral trade between the UK and EU will be duty free and quota free provided the relevant...more
1/4/2021
/ Cooperation Agreement ,
Corporate Counsel ,
Customs ,
EU ,
Exports ,
Imports ,
Tariffs ,
Trade Agreements ,
UK ,
UK Brexit ,
Value-Added Tax (VAT) ,
WTO
On 6 July 2020, the UK adopted its first autonomous sanctions regime, imposing asset freezes and travel bans on 47 individuals and two entities across the world accused of serious human rights violations. The new regime marks...more
The UK sanctions authority, the Office of Financial Sanctions Implementation (OFSI), has announced its first multi million pound fine since its establishment in 2016. The fine confirms OFSI’s increasing enforcement activity...more
France, Germany and the United Kingdom, known as the “E3”, announced on 14 January 2020 that they had triggered the dispute resolution mechanism under the Joint Comprehensive Plan of Action (“JCPOA”) due to concerns about...more
1/17/2020
/ China ,
Dispute Resolution ,
E3+3 ,
Economic Sanctions ,
EU ,
Failure to Perform ,
France ,
Germany ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Russia ,
UK ,
UN Security Council ,
United Nations ,
Winding Down
On May 8, 2019, following Iran's announcement that it intends to suspend certain nuclear proliferation-related commitments under the Joint Comprehensive Plan of Action (JCPOA), the United States issued a new Executive order...more
5/14/2019
/ Blocking Sanctions ,
Blocking Statutes ,
CAPTA List ,
China ,
Economic Sanctions ,
EU ,
Executive Orders ,
Foreign Financial Institutions (FFI) ,
France ,
Germany ,
IFCA ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Metals ,
Nuclear Power ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Prohibited Transactions ,
SDN List ,
Steel Industry ,
Suspensions ,
Trump Administration ,
UK ,
Waivers
On May 2, 2019, claimants began filing lawsuits for the first time under Title III of the Helms-Burton Act against third parties alleged to be "trafficking" in property of US nationals confiscated by the Cuban Government...more
5/9/2019
/ Blocking Statutes ,
Canada ,
Confiscated Property ,
Cuba ,
EU ,
FSCS ,
Helms-Burton Act ,
Orders of Prohibition ,
Personal Remittance Caps ,
Sanction Suspensions ,
Statute of Limitations ,
Third-Party ,
Title III ,
Trafficking ,
Travel Restrictions ,
Trump Administration ,
UK ,
US Department of State
The United Kingdom (UK) leaving the European Union (EU) will inevitably result in difficulties for businesses using UK content in their products for export under EU Free Trade Agreements, or for UK businesses using EU content...more
4/2/2019
/ Component Parts Doctrine ,
Country of Origin ,
EU ,
European Commission ,
Exports ,
Free Trade Agreements ,
No-Deal Brexit ,
Suppliers ,
Supply Contracts ,
Tariffs ,
UK ,
UK Brexit
With Brexit looming, the UK's autonomous sanctions policy is slowly taking shape. This month saw the publication of regulations setting out the post-Brexit UK sanctions regimes for Iran, Burma and Venezuela, which will come...more
3/4/2019
/ Asset Freeze ,
Blocking Statutes ,
Burma ,
Economic Sanctions ,
EU ,
General Licenses ,
Information Sharing ,
Iran ,
Joint Comprehensive Plan of Action (JCPOA) ,
No-Deal Brexit ,
Office of Financial Sanctions Implementation (OFSI) ,
Ownership Rules ,
Reporting Requirements ,
Right to Control ,
Sanctions and Anti-Money Laundering Act 2018 (SAMLA) ,
UK ,
UK Brexit ,
Venezuela
On 31 January 2019, France, Germany and the United Kingdom (the "E3") announced the registration in France of INSTEX SAS ("Instrument for Supporting Trade Exchanges"), which is a special purpose vehicle aimed at facilitating...more
2/14/2019
/ AML/CFT ,
Blocking Statutes ,
EU ,
FATF ,
France ,
Germany ,
INSTEX ,
International Atomic Energy Agency ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Special Purpose Vehicles ,
UK ,
United Nations