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UK Related Items and Policy

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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;…

On 31 December 2020, the UK’s Brexit transition period with the EU ended, and the UK became a third country with respect to the EU from a sanctions and export controls perspective. The UK now has its own autonomous sanctions and export control regimes – closely related to the EU’s regimes, but with important differences and complexities that clients need to be aware of. We have written an alert that summarises the key considerations for companies in…

Signing of the “Al-Ula Declaration” ending trade and other restrictions against Qatar As reported in our previous client update, on 5 January 2021, the Kingdom of Saudi Arabia, the United Arab Emirates (UAE), Bahrain and the rest of the Gulf Cooperation Council (GCC) member states, along with Egypt, signed the “Al-Ula Declaration” at the 41st GCC Summit held in the city of Al-Ula. This marks the end of a three and a half year boycott against…

From 1 January 2021, businesses must navigate a divergent UK-EU trade and competition regime for the first time in over forty years. The immediate priority is to ensure compliance with the new rules and regulations. Longer-term, business should also engage with the evolving ‘global Britain’ policy, and understand the risks as well as the opportunities as the UK re-engages with global relationships beyond the EU. Brexit Insights sessions Our market-leading UK trade and competition team…