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Ross L. Denton

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On 3 April 2020, the European Commission issued its Decision granting relief from customs duty and import VAT exemptions for equipment necessary for combating the COVID-19 outbreak, following its announcement of its intention to do so on 20 March 2020 (please see our previous blog post here). Goods will only be exempt from customs duty and import VAT if they: are imported by or on behalf of State organisations, or by or on behalf of…

On 31 March 2020, the UK Foreign and Commonwealth Office (“FCO”) announced that the Instrument in Support of Trade Exchanges (INSTEX) had successfully concluded its first transaction. This transaction involved the successful export of medical goods from Europe to Iran, and paves the way for future transactions. In its announcement, the FCO stated: “Now the first transaction is complete, INSTEX and its Iranian counterpart STFI [(Special Trade and Finance Instrument)] will work on more transactions…

In response to the growing impact of the COVID-19 Coronavirus in Europe, a number of countries have implemented national controls to restrict the export of medicines and medical equipment, such as face masks, gloves, and protective clothing. Over the weekend, the EU Commission reviewed actions taken by Member States and, while it has discouraged Member States from adopting measures which would limit intra-EU trade, it has introduced a temporary export ban on exports of certain…

On 27 February 2020, the European Council made its first designations under the designated party regime that it introduced in November 2019 in response to Turkey’s unauthorised drilling activities in the Eastern Mediterranean (see our previous update here). Two Turkish individuals have been designated with immediate effect: Mehmet Ferruh AKALIN, Vice-President (Assistant General Manager) and member of the Board of Directors of the Turkish Petroleum Corporation (TPAO); andAli Coscun NAMOGLU, Deputy Director of the Exploration…