Sanctions

Ukraine – EU imposes asset freeze and travel ban on 21 Russian individuals; US introduces additional Executive Order and imposes asset freeze and visa ban on 11 Ukrainian and Russian individuals

Herbert Smith Freehills has published its latest Sanctions Update e-bulletin, on the imposition targeted sanctions by the EU and US in response to the recent Crimea referendum. On 17 March 2014, the EU introduced an asset freeze and travel ban … Continue reading

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Filed under Europe, Sanctions, The Americas

Ukraine – EU imposes asset freeze on members of former government and issues a statement in relation to Russia; US introduces Executive Order permitting the blocking of assets

Herbert Smith Freehills has issued its latest Sanctions Update e-bulletin, concerning the EU and US response to recent events in Ukraine. On 5 March 2014, the EU introduced an asset freeze applying to former President Yanukovych and other former government officials and … Continue reading

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Recent sanctions developments: EU relaxes certain Syrian sanctions and amends measures relating to North Korea, Iran and Tunisia; US relaxes Myanmar sanctions

The EU has recently published a new Regulation (Regulation 697/2013 of 22 July 2013 (“Regulation 697/2013″)) which amends Regulation 36/2012, the key piece of legislation setting out the EU’s sanctions against Syria. In our August Sanctions Update we analyse the … Continue reading

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Filed under Asia, EU Law, Europe, Middle East, Public International Law, Sanctions

When will sanctions frustrate an agreement?

A recent judgment of the English Commercial Court has highlighted the issue of the effect of new sanctions legislation upon contractual obligations, and in particular the importance of considering applications for available licences before seeking to rely on the doctrine … Continue reading

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Contractual disputes and practical implications arising from sanctions in the aftermath of the Arab Spring

In the aftermath of the Arab Spring and amidst continuing unrest in the region, the Middle East remains at the forefront of the international sanctions agenda. Craig Tevendale, partner, and Maguelonne de Brugiere, associate, examine the impact that such sanctions … Continue reading

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Filed under Middle East, Sanctions

Australia announces new sanctions against Iran

On 10 January 2013, the Australian Foreign Minister, Bob Carr, announced the Australian government’s intention to implement further autonomous sanctions against Iran. The announcement came three days after Australia was appointed chair of the UN Security Council sanctions committees. According … Continue reading

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Sanctions and the risks of doing business across national borders

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US expands sanctions against Iran

On August 10, 2012, the US implemented new sanctions against Iran through the enactment of the Iran Sanctions, Accountability and Human Rights Act of 2012 (the “Act“). The Act is designed to place new restrictions on the Iranian economy to … Continue reading

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Filed under Public International Law, Sanctions, The Americas

US eases sanctions against Myanmar

On 11 July 2012, the US relaxed its sanctions regime against Myanmar by, subject to certain restrictions, lifting the prohibition on the export of financial services to Myanmar and permitting US persons to undertake new investment in Myanmar. The changes will allow … Continue reading

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Temporary suspension of sanctions against Burma/Myanmar

On 14 May 2012 the Council of the EU finally adopted the Regulation required to implement its Decision of 26 April 2012 to suspend, for one year, the bulk of the restrictive measures applied to Burma/Myanmar in various forms since … Continue reading

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