Topic
Sanctions
3,137 published works
Government Contracts & Investigations Blog
OFAC Tightens Russia Sanctions; BIS Cracks Down on Diversion
By Julien Blanquart, Reid Whitten
On June 12, 2024, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced new measures targeting Russia’s financial infrastructure, including: Expanding the scope of financial sanctions:…
SmarTrade
Commerce and Treasury Departments Announce New Sanctions and Export Control Restrictions on Russia and Belarus
By Francesca M.S. Guerrero, Samir D. Varma, Aaron C. Mandelbaum, Kristina Shcheglazova*, Scott E. Diamond**
On June 12, 2024, the Office of Foreign Assets Control (OFAC) and the Bureau of Industry and Security (BIS) announced new sanctions and export control restrictions on Russia and Belarus. These…
Trade Compliance Resource Hub
New U.S. sanctions and export controls target Russia and change screening expectations
By Michael Lowell, Lizbeth Rodriguez-Johnson, Paula Salamoun, Justin Angotti, Kirsten Lowell
On June 12, the Office of Foreign Assets Control (OFAC) and Bureau of Industry and Security (BIS) released new sanctions and export controls intended to further target Russia and Belarus,…
The Trade Practitioner
The Russian Federation’s Introduced Compensation Protocol in Response to the Unfriendly Acts of the US
The government of the Russian Federation is taking specific actions to establish a special procedure for compensation of damage caused by the US. Thus, this new procedure enables “Russian Rights…
International Compliance Blog
DOJ’s National Security Division’s First-Ever Declination Under Its Voluntary Self-Disclosure Policy Raises Critical Questions
By Andrew Adams, Brian Fleming, Wendy Wysong, Ryan Pereira
On May 22, 2024, the US Department of Justice’s National Security Division (“NSD”) announced its first-ever corporate declination under the NSD’s Export Control and Sanctions Enforcement Policy for Business Organizations…
Cleary Foreign Investment and International Trade Watch
Sanctions, Certainty and Pragmatism – the Contemporary Context for Analysing Force Majeure clauses
By Jonathan Kelly, Christopher P. Moore, Polina Lyadnova, James Norris-Jones, James Brady‑Banzet, Andreas Wildner
Following a long and somewhat sleepy existence on the margins of contractual interpretation case law, force majeure clauses (“FMCs”) found themselves subject to a rude awakening with the global onset…
Subject to Inquiry
Disruptive Technology Strike Force Announces Its First Declination to Prosecute Under the National Security Division’s Voluntary Self-Disclosure Program
By Alex J. Brackett, Patrick Rowan
On May 22, 2024, the Department of Justice’s National Security Division (“NSD”) announced its first declination of prosecution for a company under the voluntary self-disclosure program established by the National…
Cleary Foreign Investment and International Trade Watch
New Russian Decree Imposes Restrictions on Transfer of IP Rights
By Chase D. Kaniecki, Samuel H. Chang, Polina Lyadnova, Yulia A. Solomakhina, Timofey Nelyudov
On May 20, 2024, President Putin signed Decree No. 430 (the “Decree”), effective the same day. The Decree establishes restrictions on the acquisition of IP rights by Russian persons from…
U.S. Legal Insights for French Businesses
E(U)xterritoriality of EU Sanctions: The No Russia Clause
By Reid Whitten, Julien Blanquart, Claire Le Tollec, Elisavet Papathanasiou
The EU is going extraterritorial, and it is doing so through private contract. It is a pretty neat trick. As a general rule, EU regulations do not apply extraterritorially. This…
International Compliance Blog
UK Imposes New Trade Sanctions on Belarus
On May 15, 2024, the Sanctions (EU Exit) (Miscellaneous Amendments and Revocations) Regulations 2024 was laid before parliament (“Regulations”). Among other things, the Regulations included a package of new trade…