Interim agreement between Federal Government of Iraq and Kurdistan Regional Government on oil exports, yet major differences and legal proceedings persist

These are challenging times for Iraq. The Islamic State or ISIS controls thousands of square miles of territory and major Iraqi cities such as Mosul, Tikrit and Falluja. While leading the offensive against ISIS and enjoying the support of international allies, the Kurdistan Region of Iraq is seeking to secure contracts with international energy companies … Read more

EU sanctions update: EU extends sanctions against Syria and amends sanctions against Libya and Somalia; further developments relating to Ukraine/Russia

Herbert Smith Freehills has published the latest edition of its Sanctions Update e-bulletin on recent developments in various international sanctions regimes. At EU level these are relatively limited: The EU has announced additional sanctions in respect of the situation in Syria, extending the designated persons list and announcing an imminent restriction on the export of … Read more