On 5 August 2022, the National Security and Defense Council of Ukraine introduced a new set of sectoral special economic and other restrictive measures (sanctions) against the Russian Federation (“Sanctions”).1 To become effective, the Sanctions must be approved by the Ukrainian Parliament, which is expected within a week.2 The Sanctions are to be effective for a period of 10 years and include, in particular, the following restrictions:3 Ban on the withdrawal of capital from Ukraine…

On 20 July, the European Commission (“Commission”) amended its state aid Temporary Crisis Framework (TCF), which was initially adopted on 23 March 2022, to make it easier and quicker for member states to support companies affected by the consequences of the war in Ukraine, including companies affected by rising energy prices, in compliance with EU state aid rules. The amended TCF clarifies certain aspects of the initial TCF and increases the ceilings for small amounts…

Our popular Annual Compliance Conference, which attracts over 6,000 in-house senior legal and compliance professionals from across the world, will be held across five weeks from 6 September – 6 October 2022. We will be virtually delivering our cutting-edge insights and guidance on key global compliance, investigations and ethics issues. Our global experts will provide practical insights and analysis on significant developments across: anti-briberycorruption and economic crimecustoms and FTAsESG, supply chain and product complianceantitrust and…

On 8 June 2022, law No. 2271-IX (“Law”) became effective. This Law expects to prevent the turnover of pharmaceuticals manufactured in Russia or Belarus, or marketed by marketing authorization holders affiliated or otherwise related to companies with pharmaceutical manufacturing in these countries. For more details on the draft of this law, please refer to our dedicated legal alert. As a next step, to enable the implementation of the Law, the Ministry of Health of Ukraine…