A law on immunity from enforcement in France

The 'Law on Transparency, Anti-corruption Measures and the Modernisation of the Economy' presented by Michel Sapin, Minister for the Economy and Finance, to the Council of Ministers on 30 March 2016, known as the « Sapin II » law, has finally been approved by the French National Assembly on 8 November 2016, after undergoing two … Read more

French Supreme Court decision in Commisimpex dispute heralds significant change in approach to sovereign immunity

In Cour de cassation, Chambre civile 1, 13 May 2015, n° 13-17751, the French Cour de cassation (Supreme Court) considered an appeal from a Versailles Court of Appeal judgment in the long-running dispute between the Republic of the Congo and the Congolese company, Commissions Import Export SA (Commisimpex). The Supreme Court considered whether, under customary international … 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 and for persons and entities subject to sanctions or otherwise affected by their application.   … Read more