On July 21, 2022, further amendments to the UK’s Russia sanctions regime were laid before parliament. The new measures introduced under the Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022 (“Amendment 14”) include the coal, oil and gold import
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Latest from Steptoe & Johnson LLP - Page 2
Judge Engelmayer Slashes Requested Fee Award Based on “Anemic” Lawyering
In an opinion last week in a Fair Labor Standards Case, Judge Engelmayer reduced the requested fee award for plaintiffs’ counsel from $155,000 down to approximately $5,000. The plaintiffs had prevailed, but only as to a narrow aspect of the…
New Executive Order Targets Persons Responsible for Hostage Taking and Wrongful Detention
On July 19, 2022, President Biden issued Executive Order (EO) 14078 to strengthen the US Government’s efforts to combat and deter hostage-taking and wrongful detention of US nationals abroad. Issued pursuant to the Robert Levinson Hostage Recovery and Hostage-Taking Accountability…
UK Expands Powers of Designation Under Russia Sanctions Regime; Prohibits Additional Types of New Investment in Russia and Introduces New Trade Sanctions Exception for Humanitarian Assistance
On July 18, 2022, further amendments to the UK’s Russia sanctions regime came into force in response to Russia’s invasion of Ukraine. The new measures introduced under the Russia (Sanctions) (EU Exit) (Amendment) (No. 13) Regulations 2022 (“Amendment 13”) include…
Episode 417: Cybersecurity’s First Crash Report
Kicking off a packed episode, the Cyberlaw Podcast calls on Megan Stifel to cover the first Cyber Safety Review Board (CSRB) report. The CSRB does exactly what those of us who supported the idea hoped it would do –…
New Joint Alert Puts Export Compliance Focus on Financial Institutions
On June 28, 2022, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department of Commerce’s Bureau of Industry and Security (BIS) issued a Joint Alert entitled “FinCEN and the U.S. Department of Commerce’s Bureau of Industry…
UK “Red Alert” on Russian Financial Sanctions Evasion Offers a Timely Reminder of the Importance of Risk-Based Due Diligence
The National Economic Crime Centre (NECC), a multi-agency unit in the National Crime Agency (NCA), and HM Treasury’s Office of Financial Sanctions Implementation (OFSI) have published a “red alert” on financial sanctions evasion typologies by Russian elites and enablers (Red…
UK Introduces Further Economic Sanctions Against Belarus Including Financial, Trade & Transport Sanctions
On 5 July 2022, the UK Government introduced a further round of financial, trade and transport sanctions against Belarus in response to its continuing support of Russia’s invasion of Ukraine. The new sanctions measures were implemented pursuant to The Republic…
Episode 416: “The First Thing We Do, Let’s Hack All the Lawyers”
Dave Aitel introduces a deliciously shocking story about lawyers as victims and – maybe – co-conspirators in the hacking of adversaries’ counsel to win legal disputes. The trick, it turns out, is figuring out how to benefit from hacked…
Revamping BIS’s Administrative Enforcement Authorities: Time to Consider More Investment in Internal Corporate Compliance
The Department of Commerce’s Bureau of Industry and Security (BIS) has announced policy changes designed to strengthen its administrative enforcement of U.S. export controls. In a memorandum released on June 30, Matthew Axelrod, Assistant Secretary for Export Enforcement at BIS,…