The UK Government published a notice to exporters on 4 August 2020, stating that the Export Control Joint Unit (ECJU) has removed Hong Kong as a permitted destination from 22 open general licences, including: 20 open general export licences (OGELs);1 open general transhipment licence (OGTL); and1 open general trade control licence (OGTCL). In addition, the ECJU has revoked 2 open general licences (one OGEL and one OGTL) where Hong Kong was the only permitted destination.…
Having been established for over a decade as a “must attend” global compliance conference by senior in-house legal and compliance professionals, our Annual Corporate Compliance Conference returns this year in a new and unique virtual format to deliver our market-leading content to you during these unprecedented times.Held across five weeks from 7 September – 9 October 2020, the virtual conference will provide a continuing stream of practical insights and analysis on significant developments across all…
This webinar addresses the particular needs of financial institutions facing a variety of new challenges in complying with international sanctions. Speakers from Baker McKenzie’s international sanctions and regulatory teams shall be discussing the development of increasingly complex and in some cases competing sanctions laws in different jurisdictions. Where do conflicts in sanctions laws arise, and how do financial institutions best navigate these? How does this align with or diverge from other regulatory obligations? What is…
In its March 2019 paper “EU-China – A strategic outlook” (Strasbourg, 12.3.2019 JOIN(2019) 5 final), the EU examined the impact of Chinese state subsidies, and protection of the domestic market on investment by Chinese companies in the EU, and the limitations EU law has in dealing with any such impact. The paper stated: “EU policy tools do not fully address the effects within the EU internal market of subsidies granted by foreign governments. EU…