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 âbest effortsâ obligations The “best…
Baker McKenzie will be hosting a breakfast event on Wednesday, 6 November 2024 in Madrid. The event will focus on: The event will take place in Spanish, from 9.15 â 11am. For more information or to register for the event, please click here. Please note that space is limited and registration is subject to final confirmation, which will be sent via e-mail ahead of the event.
On September 5, 2024, the European Commission published a Delegated Regulation, updating the list of dual-use items contained in Annex I to Regulation (EU) 2021/821 (the “EU Dual Use List”) The EU Dual Use List is updated annually, to ensure it remains aligned with multilateral export control regimes, including the Wassenaar Arrangement, the Missile Technology Control Regime, the Nuclear Suppliers Group and the Australia Group. The Delegated Regulation will only take effect the day after…
On April 29, 2024, the European Union (“EU”) adopted the Directive (EU) 2024/1226 on the definition of criminal offenses and penalties for the violation of Union restrictive measures and amending Directive (EU) 2018/1673 (“Directive”). Member States will have until April 30, 2025 to transpose it into national legislation. The Directive defines criminal offenses and penalties and establishes minimum rules concerning the prosecution of violations or circumvention of EU sanctions in Member States and directs Member…