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Secondary Sanctions United Kingdom

American Conference Institute (ACI)

[Webinar] Virtual Proficiency Series on Economic Sanctions - February 6th - 29th, 1:30 pm - 4:30 pm EST

ACI’s highly anticipated Proficiency Series on Economic Sanctions provides true immersion into Economic Sanctions with the objective of becoming proficient in 4 weeks. Advance your career and professional development by...more

Jones Day

JONES DAY TALKS®: Navigating Sanctions and Export Controls: A Guide for EMEA Businesses

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In this recap of a recent Jones Day client-focused webinar, partners Harriet Territt, Eva Monard, Sean Boyce, and Rick van 't Hullenaar review 2020's critical developments in U.S., EU and UK sanctions and export controls that...more

Morrison & Foerster LLP

Can You Withhold A Payment Of Interest To Comply With U.S. Secondary Sanctions Law?- Lamesa Investments Ltd v Cynergy Bank Ltd...

The Court of Appeal, in Lamesa Investments Ltd v Cynergy Bank Ltd [2020] EWCA Civ 281, has found that a party in an English law governed “Tier 2 Capital” subordinated facility agreement with contractual language addressing...more

Hogan Lovells

English Court upholds a bank's contractual right to withhold payments to avoid the risk of US secondary sanctions – Lamesa...

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Hogan Lovells Publications | Lev Fin Spin | 07 October 2019 The English High Court has given effect to the terms of a loan agreement relieving a financial institution of the obligation to make interest payments, where to do...more

White & Case LLP

Sanctioned default? The English High Court considers the effect of foreign illegality on English obligations

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As sanctions ramp up globally, it is increasingly important for commercial parties engaged in cross border transactions to have certainty (i) as promisees (e.g. lenders) as to when their counterparties may legitimately avoid...more

Latham & Watkins LLP

US Secondary Sanctions Are a ‘Mandatory Provision’ of English Law

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High Court ruling acknowledges the extraterritorial effect of US secondary sanctions. In the recent case of Lamesa Investments Ltd v. Cynergy Bank Ltd [2019] EWHC 1877 (Comm), the High Court found that US secondary...more

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