The EU’s 14th “package” of sanctions against Russia introduces anti-circumvention measures targeting the non-EU subsidiaries of EU entities and creates new restrictions, including on LNG.
This Client Alert is published in...more
The new Directive (EU) 2024/1226 defines criminal offences and penalties for breaches of EU sanctions. This Client Alert summarises key provisions and implications for businesses.
This Client Alert is published in the...more
The EU’s 12th and 13th “packages” of sanctions on Russia cancel a significant exemption, ban the provision of certain software systems, and impose multiple other measures.
This Client Alert is published in the context of...more
4/26/2024
/ Economic Sanctions ,
Enterprise Management Incentive (EMI) ,
EU ,
European Economic Area (EEA) ,
Exports ,
Foreign Nationals ,
Imports ,
Professional Services Contract ,
Russia ,
SaaS ,
Technology Sector
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
From 1 January 2016, all EEA incorporated banks and credit institutions are required to include a term in any non-EEA law governed contract under which they have liabilities, giving contractual recognition of the bail-in...more
5/9/2016
/ Bail-In Provisions ,
Bank Recovery and Resolution Directive (BRRD) ,
Banking Sector ,
Credit Agreements ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
European Economic Area (EEA) ,
Financial Institutions ,
Intercreditor Agreements ,
Prudential Regulation Authority (PRA) ,
RTS ,
UK
On October 9, 2014 a team of US, Russia and UK based Latham & Watkins lawyers hosted “Managing Legal and Business Risks Under the Russia/Ukraine Sanctions: Views from the US, Europe and Moscow,” a webcast focusing on the...more
11/7/2014
/ Banking Sector ,
Defense Sector ,
Energy Sector ,
EU ,
Export Controls ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
Russia ,
Sanctions ,
SDN List ,
SSI List ,
UK
The US blocks the property of 11 persons, the EU freezes the assets of another 21 individuals, and a new US Executive Order authorizes future blocking actions.
In response to the continuing political crisis in Ukraine and...more
A US Executive Order authorizes blocking property and the EU freezes assets of 18 individuals.
In response to the political crisis in Ukraine, the United States and the European Union have initiated a series of...more