News & Analysis as of September 26, 2024

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

EU’s 14th Package of Sanctions on Russia

Pillsbury - Global Trade & Sanctions Law on 7/10/2024

On 24 June 2024, the EU adopted its 14th package of sanctions against Russia. The latest measures include: The designation of 116 additional individuals and entities across a number of industries for their responsibility in...more

EU Adopts 14th Sanctions Package Against Russia

Mayer Brown on 6/26/2024

On June 24, 2024, the European Union (“EU”) adopted its 14th sanctions package against Russia, which “responds to the needs and findings on the ground, and tackles enforcement issues,” “target high-value sectors of the...more

Impact of Sanctions on English Contractual Performance – Case Update

Morrison & Foerster LLP on 3/27/2023

In a recent decision, the English High Court has demonstrated its willingness to interpret contractual provisions broadly so as to enable performance in circumstances where the imposition of sanctions on a counterparty...more

The Poseidon Principles: Shipping Emissions Reduction Efforts Steer Into New Waters

Vinson & Elkins LLP on 9/14/2020

In June 2018, the International Maritime Organization (“IMO”) announced the adoption of an initial strategy to reduce total greenhouse gas (“GHG”) emissions attributable to the international shipping sector by at least 50% by...more

Update on recent US sanctions developments - Nord Stream 2 sanctions and Exxon Mobil decision

Eversheds Sutherland (US) LLP on 1/30/2020

This briefing is intended to provide an update on two recent developments under the US sanctions regime. ..The first one is the introduction of US sanctions related to the Nord Stream 2 pipeline project, which threaten to...more

European Commission Green Deal includes maritime in emissions trading system

Society of Corporate Compliance and Ethics... on 1/17/2020

Report on Supply Chain Compliance 3, no. 1 (January 9, 2020) - European Commission President Ursula von der Leyen unveiled the new Green Deal on Dec. 11, including a formal intention to include maritime shipping in the...more

Iran Sanctions Are Here—Breaking Down What This Means For Business

Akin Gump Strauss Hauer & Feld LLP on 11/27/2018

• As of November 5, 2018, the United States concluded the second of two wind-down periods for re-imposition of U.S. sanctions on Iran following the May 8, 2018, announcement that the United States would cease participation in...more

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