News & Analysis as of

United Kingdom General Licenses Office of Financial Sanctions Implementation (OFSI)

Mayer Brown

Russia/Ukraine Sanctions Update - Month of August

Mayer Brown on

US SANCTIONS - US Department of the Treasury Takes Further Action against Russia’s International Supply Chains: On August 23, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the US...more

Katten Muchin Rosenman LLP

OFSI Publishes FAQS on UK Financial Sanctions

On 1 May 2024, the UK Office of Financial Sanctions Implementation (OFSI) published a new set of Frequently Asked Questions (FAQs). The FAQs provide short-form guidance and technical information on financial sanctions,...more

Mayer Brown

UK Weekly Sanctions Update - Week of February 5, 2024

Mayer Brown on

In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, please do not hesitate to contact a member of our London...more

Mayer Brown

UK Weekly Sanctions Update - Week of December 18, 2023

Mayer Brown on

In this weekly update, we summarise the most notable updates in the UK sanctions world. ...more

Mayer Brown

UK Weekly Sanctions Update - Week of December 11, 2023

Mayer Brown on

In this weekly update, we summarise the most notable updates in the UK sanctions world. ...more

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

Conyers

Cayman Islands Issues General Licence for Payment of Legal Fees

Conyers on

On 14 April 2023, the Governor of the Cayman Islands issued a general licence (GL/2023/0002) for the payment of legal fees (the “Cayman General Licence”). This means that, under specified circumstances, Designated Persons...more

BakerHostetler

Current State of U.S. Economic Sanctions Imposed on the Russian Federation and Covered Regions of Ukraine in Response to the...

BakerHostetler on

Current as of June 29, 2023 - This update discusses the May 19, 2023 and subsequent actions taken by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) in response to the continued aggression of...more

Conyers

British Virgin Islands: Sanctions Against Russia Pose Tricky Questions For The BVI Judiciary

Conyers on

Charles Goldblatt, litigation associate at Conyers in the British Virgin Islands, takes a close look at how local judges are addressing sanctions against Russian entities. Since Russia's military incursion in Ukraine...more

American Conference Institute (ACI)

[Event] European Forum on Global Economic Sanctions - June 1st - 2nd, Berlin, Germany

Hosted by C5 Group, the European Forum on Global Economic Sanctions is recognized as Europe's Premier, longstanding gathering for financial institutions and global exporters. The industry across Europe is confronting an...more

Latham & Watkins LLP

Sanctions Update: UK Bans New Investment in Russia and Imposes Significant Additional Sanctions

Latham & Watkins LLP on

The ban hits new investment in Russia and certain professional services, while also restricting imports of Russian oil, coal, and gold and exports of key industrial goods. This Client Alert is published in the context of...more

A&O Shearman

UK Amends License for 30-Day Wind Down of VTB Bank Positions

A&O Shearman on

The U.K. Office of Financial Sanctions Implementation has published a revised General License under the Russia (Sanctions) (EU Exit) Regulations 2019. The License was first published on February 25, 2022, and allows...more

Pillsbury - Global Trade & Sanctions Law

Further EU and UK Measures Taken Against Russia

As the Russian invasion of Ukraine continues, the global pressure on the Putin regime intensifies with the EU issuing additional sanctions and export controls on Friday evening (February 25). The legislation implementing the...more

White & Case LLP

Sanctions after Brexit – the first UK sanctions regimes

White & Case LLP on

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

Dechert LLP

UK Sanctions After Brexit: Licensing and Exceptions

Dechert LLP on

After Brexit, while the UK is widely expected to remain closely aligned with EU sanctions, one area where the UK could offer a more business-friendly approach is the grant of licences authorising businesses to conduct...more

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