Earlier this year, the EU introduced various new restrictions as part of its sanctions packages targeting Russia (see our blog post on the 14th EU Russia sanctions package) and Belarus (see our blog post of the most recent EU Belarus sanctions package). Among the notable and novel restrictions were: Businesses should therefore review their current practices and consider whether any enhancements are necessary to comply with these measures. Guidance on “best efforts” obligations The “best…
On 18 October 2024, the Dutch government announced supplemental controls for exports of certain emerging technology items from the Netherlands. These controls will enter into force on 1 December 2024 and will be implemented through the Dutch Regulations Supplemental Controls to the Dual-Use Regulation (Regeling aanvullende controlemaatregelen op de Verordening producten voor tweeërlei gebruik, the “Dutch Regulations”). The official text of the Dutch Regulations is available here. Scope of Unilaterally Controlled Items The Dutch Regulations…
As risks and complexities for sanctions investigations have grown, so has the number of regulators and enforcement agencies bringing enforcement actions, and not just in the United States. Enforcement agencies around the world are becoming more active, with a focus on enforcing sanctions and export controls targeting Russia since its February 2022 invasion of Ukraine. There has been a particular uptick in public enforcement of EU sanctions targeting Russia by various EU Member States in…
On Thursday 3 October, our Amsterdam office will host our flagship “Trade Day” event for senior in-house legal professionals. This year, we will be joined by over 15 of our Baker McKenzie colleagues from across Europe, the US and Asia who will share their insights on significant developments across: For more information and to register please see: Amsterdam Trade Day 2024 | Insight | Baker McKenzie. Please note that space is limited and registration is…