Corporate Crime Webinar – G7 Russian oil price cap

Herbert Smith Freehills recently hosted a webinar to discuss the way in which the recent Russian oil price cap measures will operate across the UK, EU and US and to consider the potential challenges that may arise for companies wishing to deal in Russian oil and those who provide related services. The introduction of the … Read more

Hong Kong virtual asset regulation – 2022 wrap-up and what to expect in the new year

Have you been keeping up to date with the latest virtual asset (VA) developments in Hong Kong? They continue to come thick and fast. We set out below a wrap-up of the most recent developments, including in relation to the new virtual asset service provider (VASP) licensing regime, warnings from the Securities and Futures Commission (SFC), amendments to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), and what to expect in the new year. Read more

Sanctions tracker – UK and EU introduce new Russian sanctions

The last week has seen a further flurry of Russian sanctions activity, with both the UK and the EU introducing new restrictions. In this briefing we summarise the new UK restrictions, in particular the additional restrictions on the provision of services to Russia, and the EU's ninth Russia sanctions package. Read more

When the Hong Kong Stock Exchange knocks, open the door and cooperate

The Stock Exchange of Hong Kong Limited (SEHK) recently published its new Guidance Note on Cooperation (Cooperation Note) and revised Enforcement Sanctions Statement (Sanctions Statement). The Cooperation Note is a brand new guidance note that stresses SEHK’s expectations regarding cooperation. It sets out examples of good cooperation with the possible benefits and examples of uncooperative conduct with the possible consequences. Read more

Edinburgh Reforms – Webcast series

On 9 December 2022, the Chancellor of the Exchequer announced a package of reforms to the UK financial services sector – the "Edinburgh Reforms". We posted a summary of the Edinburgh Reforms here. To help you digest the proposals, we have created a series of webcasts which will explain:
  • what the key proposals are
  • who they might impact
  • next steps and timing
  • the potential significance and impact of the proposals
Read more

Sanctions tracker: EU announces ninth Russia sanctions package

On 7 December, the European Commission announced proposals for a ninth sanctions package against Russia. The measures are not yet in force and full details are not yet available, but we have summarised below the areas intended to be covered by the new package, along with a round-up of other UK and EU Russia sanctions developments. Read more