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UK Imposed Sanctions

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On 25 March 2021, the UK Government announced further measures targeting the Myanmar regime, adding Myanmar Economic Holdings Public Company Ltd (MEHL) to the Global Human Rights financial sanctions regime for its alleged involvement in human rights violations against the Rohingya. MEHL has been added to the UK Sanctions List and to the Office of Financial Sanctions Implementation’s consolidated list of financial sanctions targets. The UK also named 40 of MEHL’s subsidiaries in its Sanctions List,…

The UK has designated six individuals as subject to financial sanctions and asset freeze measures under the Syria (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/792). The designated persons are: Muhammad Bara AL-QATIRJI,Faisal AL-MIQDAD,Luna AL-SHIBL,Malik ALIAA,Yasser Hussein IBRAHIM,Zaid SALAH. Separately, two entries under the UK’s Iran (Nuclear) financial sanctions regime have been amended. These entries have been added to the UK sanctions list and to the Office of Financial Sanctions Implementation’s Consolidated list of financial sanctions…

This quarterly publication includes a variety of legal and market focused articles on current topics of interest in the world of trade finance. In this edition, we feature an article that examines the implications of the EU-UK Trade Co-Operation Agreement for businesses engaged in international trade and related financing; an article that looks at the scope of the Debt Service Suspension Initiative and its potential implications for finance documentation and the future of sovereign debt;…

Following the designations announced last week (see our recent post), the UK has designated 5 further individuals under the Myanmar/Burma sanctions regime: Tin Aung SanMaung Maung KyawAung Lin DweMoe Myint TunYe Win Oo The UK has also updated the listing details for Min Aung Hlaing (previously designated, and remaining subject to asset freeze measures). In addition, the existing designation for Bi Sidi Souleman under the UK’s Central African Republic sanctions regime has also been amended.