The Council of the European Union has extended its human rights sanctions against Iran until 13 April 2021.
...more
Members of the UK Houses of Commons and Lords have made the case for the country's Magnitsky sanctions regime to be harmonised with that of other allied countries to include people involved in corruption in addition to human...more
Members of the European Parliament (MEPs) have called on the EU to push ahead formulating its human rights sanctions regime, in spite the current COVID-19 crisis, as well as ensuring that Sergei Magnitsky's name appears in...more
The disruption linked to COVID-19 already affects the global economy significantly, including M&A transactions in Europe and across the globe. On the regulatory side, many deals face challenges caused by national authorities'...more
In response to the global outbreak of the COVID-19 virus, the EU and various member states have taken measures to ensure continuity of supply of personal protective equipment (PPE) and address shortages of healthcare...more
As of 16 March 2020 Iran Air and a number of other entities were placed on the Bureau of Industry and Security's (BIS) Entity List.
Summary -
Companies that use Iran Air as transport, particularly companies engaging in...more
3/17/2020
/ Airlines ,
Aviation Industry ,
Bureau of Industry and Security (BIS) ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
General Licenses ,
Iran ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Prohibited Transactions
The UK’s consumer sector has shown resilience against the backdrop of challenging political and economic conditions. Consumers in the UK remain willing to spend; however, the way in which they do so is changing, with...more
2/19/2020
/ Arbitration ,
B2B Transactions ,
Consumer Protection Laws ,
Customs ,
Data Privacy ,
Doing Business ,
E-Commerce ,
Exports ,
Financial Services Industry ,
Imports ,
Intellectual Property Protection ,
Ownership of Works ,
Payment Systems ,
Real Estate Market ,
Regulatory Oversight ,
Regulatory Standards ,
Strict Product Liability ,
Supply Chain ,
Tariffs ,
UK
The 2014 Global Summit to End Sexual Violence in Conflict was hosted by former Foreign Secretary William Hague and Angelina Jolie, Special Envoy for the United Nations ("UN") High Commissioner for Refugees. It was...more
1/31/2020
/ Compensation ,
Counter-Terrorist ,
Crime Victims ,
Economic Sanctions ,
Enforcement Actions ,
Human Rights ,
Penalties ,
Refugees ,
Reparation Claims ,
Sexual Abuse ,
Sexual Assault ,
Terrorist Financing Regulations ,
United Nations ,
Vulnerable Victims
Earlier this month, France, Germany and the UK triggered the dispute process under the Iran nuclear deal, saying they had been "left with no choice" after Iran decided to further reduce compliance with the agreement. The...more
1/29/2020
/ Consultation Periods ,
Cooperative Compliance Regime ,
Dispute Resolution ,
EU ,
Failure to Comply ,
Foreign Policy ,
Foreign Relations ,
France ,
Germany ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Nuclear Weapons ,
The Joint Commission ,
Trump Administration ,
UK
What lies ahead for the UK's future trading relationship with the EU and the US?
Following the Conservative Party's landslide victory in the UK general election, which Boris Johnson won on a promise to "get Brexit done",...more
12/17/2019
/ Cross-Border Transactions ,
EU ,
Exports ,
Foreign Relations ,
Imports ,
Trade Negotiations ,
Trade Relations ,
Trump Administration ,
UK ,
UK Brexit ,
US Trade Policies
The Committee on Foreign Investment in the United States (CFIUS or the committee), a U.S. government interagency committee that conducts national security reviews of foreign investments, has released its annual report for...more
On 6 November we held a breakfast seminar focusing on the most important sanctions issues affecting the City and how to manage compliance with different financial sanctions regimes effectively.
...more
12/3/2019
/ Anti-Money Laundering ,
Asset Management ,
Cooperative Compliance Regime ,
Corruption ,
Data Management ,
Economic Sanctions ,
EU ,
Financial Institutions ,
General Data Protection Regulation (GDPR) ,
Know Your Customers ,
Office of Foreign Assets Control (OFAC) ,
Personal Data ,
Private Equity ,
Regulatory Requirements ,
Sanction Violations ,
UK ,
White Collar Crimes
The EU regime for controlling the exports from the EU of products and/or technology that can be used for both civil and military purposes (dual-use items) is now 10 years old. As a result of the changes in technology and...more
Are politics and regulation fundamentally changing the climate for tech? Join us to explore what's happening, what's coming and what it means for businesses, investors and deals.
This event marks the launch of a...more
The EU-UK agreement reached on 17 October 2019 ("Agreement") revises the Irish backstop with a new protocol on Ireland/Northern Ireland ("NI protocol")....more
10/21/2019
/ Customs ,
Customs Unions ,
Duties ,
EU ,
EU Single Market ,
Exports ,
Foreign Relations ,
Imports ,
Ireland ,
Member State ,
Northern Ireland ,
Territorial Disputes ,
Trade Policy ,
Trade Relations ,
UK ,
UK Brexit
On 14 October, President Donald Trump issued Executive Order 13894, Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Syria (EO).
...more
10/18/2019
/ Blocked Person ,
Economic Sanctions ,
Executive Orders ,
Foreign Financial Institutions (FFI) ,
Foreign Policy ,
Foreign Relations ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Syria ,
Trump Administration ,
Turkey ,
Unauthorized Transactions
On 17 September 2019 the U.S. Department of the Treasury announced proposed regulations to "comprehensively implement the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA)."
...more
The U.S. Commerce Department's Bureau of Industry and Security (BIS) is extending the temporary general license (TGL) for Huawei until 18 November 2019, and adding additional Huawei companies to the Entity List....more
On 10 July 2019, the Office of the U.S. Trade Representative (USTR) initiated an investigation pursuant to Section 301 of the Trade Act of 1974 into France’s Digital Services Tax (DST) to determine whether the tax is...more
8/20/2019
/ Digital Services Tax ,
Discrimination ,
E-Commerce ,
e-Services ,
France ,
Internet ,
Regulatory Burden ,
Section 301 ,
Stream of Commerce ,
Trade Act of 1974 ,
USTR ,
Websites
On 2 August the United States announced that it will impose a second round of sanctions on Russia pursuant to the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (CBW Act) (22 U.S.C. § 5601 et...more
On 14 August 2019 the U.S. Department of Commerce published a proposed change to the list of "Schedule 1" chemicals in the "Annex on Chemicals" to the Chemical Weapons Convention (CWC).
...more
On 5 August 2019 the Trump administration issued Executive Order 13884 (the executive order) imposing sweeping sanctions against the government of Venezuela, including its agencies and instrumentalities as well as any...more
Compliance with export control laws is one of the main challenges of a compliance department. Yet significant personal risks for management have put the topic high on the agenda of legal/compliance departments.
...more
8/9/2019
/ Covered Transactions ,
Dual Use Goods ,
EU ,
European Commission ,
Exports ,
Internal Controls ,
Policies and Procedures ,
Software ,
Strict Compliance ,
Technology ,
Trade Policy
On 10 July 2019 the Office of the U.S. Trade Representative (USTR) initiated an investigation pursuant to Section 301 of the Trade Act of 1974 into France's digital services tax to determine whether the tax is discriminatory...more
On 2 May 2019, the U.S. Treasury's Office of Foreign Assets Control ("OFAC"), the agency responsible for enforcing economic sanctions, published "A Framework for OFAC Compliance Commitments" (the "Framework") which outlines...more
7/3/2019
/ Cooperative Compliance Regime ,
Economic Sanctions ,
Failure to Comply ,
Foreign Policy ,
Foreign Relations ,
Framework Agreement ,
Fund Managers ,
Internal Controls ,
Investment Funds ,
Investment Management ,
Office of Foreign Assets Control (OFAC) ,
Private Equity ,
Risk Assessment ,
Sanction Violations