Topic
Sanctions
3,137 published works
China Law Insight
多边开发银行合规制裁丨中国企业在制裁名单上停留多久才会着手解禁？
By King & Wood
作者：吴巍 朱媛媛 张倬贤 近年来，很多以拓展海外业务为发展重心的中国企业已经注意到多边开发银行制裁对企业声誉及海外市场拓展的负面影响，努力通过合规体系建设等方式，成功地解除了多边开发银行的制裁。但是我们注意到，还有一些被制裁企业迟迟不采取行动，长期滞留在制裁名单上，甚至由于未及时解禁就参与新项目的投标，遭到二次加重制裁的。本文将结合团队多次代理企业获得解禁的成功经验，从企业发展的角度分享被制裁企业及时解除制裁的重要性与必要性。 阅读更多
SmarTrade
OFAC Continues to Extend Venezuela General License for Limited Maintenance or Wind-Down of Transactions Involving PdVSA and Certain Entities
By Scott E. Diamond**, Samir D. Varma
On November 7, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 8O︎, extending authorization until May 9, 2025 for certain activities previously…
SmarTrade
OFAC Again Extends Venezuela General License Delaying PdVSA 2020 8.5% Bond-Related Authorizations
By Scott E. Diamond**, Samir D. Varma
On November 7, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License (GL) 5Q, “Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020…
SmarTrade
Commerce, State and Treasury Implement Further Sanctions on Russian and Third-Country Individuals and Entities that Continue to Support Russia’s War Efforts in Ukraine
By Scott E. Diamond**, Samir D. Varma, Francesca M.S. Guerrero, Aaron C. Mandelbaum
On October 30, 2024, the Departments of the Treasury, State and Commerce undertook further sanctions against “enablers of Russia’s military-industrial base.” In total, the actions taken by the Office of Foreign…
Cleary Foreign Investment and International Trade Watch
Russian Countermeasures: The Governmental Commission Tightens Conditions for Exits by Investors From Unfriendly Jurisdictions
By Polina Lyadnova, Chase D. Kaniecki, Yulia A. Solomakhina, Timofey Nelyudov
As anticipated by recent media coverage, the Governmental Commission for Control over Foreign Investments (the “Governmental Commission”) published its October 15, 2024 decision tightening conditions for exits by investors from…
Money Laundering Watch
Halkbank Faces Prosecution: U.S. Court of Appeals Denies Sovereign Immunity
On October 22, 2024, the U.S. Court of Appeals for the Second Circuit ruled that Türkiye Halk Bankası A.Ş. (“Halkbank”), owned by the Republic of Turkey, can be prosecuted for…
eDiscovery Today Blog
Negligence in Failing to Preserve Text Messages Leads to Sanctions: Plaintiff eDiscovery Case Law
By Doug Austin
In Safelite Grp., Inc. v. Lockridge, Ohio District Judge Sarah D. Morrison found negligence in failing to preserve text messages by the defendant, ruling that “a sanction under Rule 37(e)(1)…
Global Trade Law Blog
Banks Do Export, Too: New BIS Guidance Tags Financial Firms with Export Compliance Responsibilities
By Reid Whitten, Jordan Mallory
“Every export—every single one—has a related financial transaction” You are a banker. You do bankery things. You look at the ledgers, you tot up the numbers, you manage the accounts.…
SmarTrade
OFAC Expands Sanctions on Iran for Missile Attack on Israel
By Scott E. Diamond**, Francesca M.S. Guerrero, Samir D. Varma, Aaron C. Mandelbaum
On October 11, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it was expanding sanctions on Iran’s petroleum and petrochemical sectors in response to…
Banking, Finance and Securities
ESMA first consolidated report on sanctions
On 11 October 2024, the European Securities and Markets Authority (ESMA) issued its first consolidated report on sanctions imposed by Member State competent authorities in 2023. In all 976 administrative…