On Monday, October 03, from 08:30 am – 10:00 am CEST, Baker McKenzie will be hosting an intimate in-person roundtable discussion on Sanctions and Export Controls in our Paris office. This event will give you the chance to ask questions to our team of experienced lawyers from Europe and the US and discuss best practices with us and your peers. If you would like to join us in-person for the roundtable discussion, please make sure…
The UK has recently adopted the following pieces of legislation which introduce new restrictions against (mainly) Russia and Belarus. Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022Russia (Sanctions) (EU Exit) (Amendment) (No. 12) Regulations 2022Russia (Sanctions) (EU Exit) (Amendment) (No. 13) Regulations 2022Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022The Customs (Additional Duty) (Russia and Belarus) (Amendment) (No. 2) Regulations 2022 The UK has also updated its Russia Guidance to reflect the changes…
The UK Government has introduced new economic, trade and transport sanctions on Belarus, extending existing Russia sanctions measures to Belarus in certain areas. These are included in The Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2022 and entered into force on 5 July. The main changes introduced by the relevant legislation include: Expanded powers for designation, including: Addition of power to designate persons by description Expansion of criteria for designation to include: conduct destabilising…
What are the main changes: For breaches of financial sanctions that are committed after 15 June 2022, OFSI will be able to impose civil monetary penalties on a strict civil liability basis. This means that going forward OFSI will not have to prove that a person had knowledge or reasonable cause to suspect that they were in breach of financial sanctions. OFSI will continue to have the burden of proving that the financial sanctions breach…