Second Wave of United States Sanctions Against Iran Re-Imposed

Following President Trump’s decision on 8 May, 2018 to withdraw the United States from the Joint Comprehensive Plan of Action (“JCPOA”), the US government announced that it would re-impose pre-JCPOA nuclear-related Iran sanctions (both primary and secondary) that were lifted… Read more

Iran files case against the USA before the ICJ

In a press release published on 15 June 2016 (available here), the International Court of Justice ("ICJ") announced that Iran has instituted proceedings against the USA, in respect of alleged violations under the 1955 US-Iran Treaty of Amity, Economic Relations… Read more

EU prolongs Russian sectoral sanctions until July 2016

On 21 December, the Council of the EU announced that the EU's economic sanctions against Russia would be extended until 31 July 2016.   These measures were originally introduced for a one year period in July 2014 and were extended until… Read more

Iran Sanctions Update

Further to our previous briefing, it has been announced that negotiations between the P5+1 and Iran regarding Iran's nuclear program have been further extended and will now continue until 10 July. As with previous announcements regarding the timeframe for negotiations,… Read more

Iran nuclear program negotiations and sanctions

In April 2015, the US and EU announced the agreed framework for a Joint Comprehensive Plan of Action (the "JCPOA") regarding Iran's nuclear program. At the time of that announcement, the parties said that they intended to draft the final… Read more

The EU publishes amended guidance on financial sanctions

The Council of the European Union recently published a revised version of the EU Best Practices for the effective implementation of restrictive measures.  The guidance it contains provides some clarification of the many issues which arise in practice for both Member States… Read more

EU introduces new asset freezing measures against Yemen

On 19 December, the EU published Council Decision 2014/932/CFSP and Regulation 1352/2014 in relation to the situation in Yemen. The measures came into force immediately upon publication. The new measures impose an asset freeze on three individuals: Abdullah Yahya Al… Read more

US President signs Ukraine Freedom Support Act into law

On 13 December 2014, the US Congress passed legislation entitled the "Ukraine Freedom Support Act of 2014" (H.R. 5859) seeking to impose new sanctions against Russia and in support of Ukraine.  On Thursday, December 18, President Obama signed the Act… Read more

EU sanctions update: Russia

Our latest briefing summarises recent developments in the EU's sanctions imposed against Russia.  In particular, we provide an overview of (a) new measures relating to Crimea and Sevastopol and (b) new European Commission guidance on certain of the financial sector… Read more

Sanctions Update: Iran: Extension of the Geneva Agreement

Herbert Smith Freehills has published the latest issue of its Sanctions Update e-bulletin.  This edition covers the extension of the sanctions relief agreed in Geneva in November 2013 while negotiations over Iran's nuclear program continue. For further information, please contact… Read more

Upcoming Webinar: Sanctions Update: Ukraine and Russia

Monday 22 September 2014, 2.00pm - 3.00pm BST The international sanctions landscape has continued to develop in response to the situation in Ukraine. On 12 September, the EU and US both published details of expansions to their existing sanctions against… Read more

EU expands sectorial sanctions against Russia

The EU has published new legislation expanding its existing sanctions against Russia. The latest edition of Herbert Smith Freehills' Sanctions Update briefing provides an overview of the new measures, namely: an expansion of the restrictions on dealing in transferable securities… Read more

US issues new Ukraine-related sanctions and additional guidance

Herbert Smith Freehills has published the latest issue of its Corporate Crime e-bulletin. This edition covers the new sanctions designations issued by the US Office of Foreign Assets Control (OFAC) in response to the situation in Ukraine, as well as OFAC's additional… Read more

Sanctions Update: EU extends sanctions against Russia

Herbert Smith Freehills has published the latest edition of its Sanctions Update e-bulletin. This edition covers the new sanctions regime agreed by the EU against Russia, including: the introduction of "phase 3" sanctions affecting key sectors of the Russian economy such… Read more

Sanctions Update: Ukraine

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 The EU and US have both recently taken steps to respond to… Read more