From 19 July 2022, it is a violation of UK financial sanctions for any person who knows or has reasonable cause to suspect that
Continue Reading UK Prohibits Certain Investment in Russia
Competition Currents | July 2022
The July 2022 issue of Greenberg Traurig’s Competition Currents is out, highlighting significant developments in global antitrust and competition law for clients and colleagues.
REPO Task Force: The First 100 Days
On June 29, the Russian Elites, Proxies, and Oligarchs (REPO) Task Force published a statement on its work in blocking or freezing sanctioned Russian assets.
Continue Reading REPO Task Force: The First 100 Days
OFSI Fines UK Company for Financial Sanctions Breach
The UK Office of Financial Sanctions Implementation (OFSI) announced on 28 June that it imposed a £15,000 penalty on UK company Tracerco Limited for breaching
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New Era in UK Sanctions Enforcement: Introduction of Strict Liability Standard and OFSI Guidance Update
On 15 June 2022, the UK Office of Financial Sanctions Implementation (OFSI) implemented important changes to its enforcement powers and updated its “Monetary Penalty” guidance.
Continue Reading New Era in UK Sanctions Enforcement: Introduction of Strict Liability Standard and OFSI Guidance Update
GT Newsletter | Competition Currents | June 2022
The June 2022 issue of Greenberg Traurig’s Competition Currents is out, highlighting significant developments in global antitrust and competition law for clients and colleagues.
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Continue Reading GT Newsletter | Competition Currents | June 2022
UPDATE: UK Announces Expansion of Trade Sanctions Against Russia and Belarus
On 9 May, the UK government announced it was targeting Russia and Belarus with a 35% increase in import tariffs to be imposed on precious
Continue Reading UPDATE: UK Announces Expansion of Trade Sanctions Against Russia and Belarus
Update: UK Bans Exports of UK Professional Services to Russia and Includes Evraz plc on the UK Sanctions List
On 4 May 2022, the UK government announced[1] a ban on UK persons or entities exporting certain professional services to Russia, prohibiting Russian businesses
Continue Reading Update: UK Bans Exports of UK Professional Services to Russia and Includes Evraz plc on the UK Sanctions List
Competition Currents | May 2022
The May 2022 issue of Greenberg Traurig’s Competition Currents is out, highlighting significant developments in global antitrust and competition law for clients and colleagues.
‘An unusual case in all sorts of ways’ – English High Court Considers Administration Application for Russian VTB Bank’s London Arm
In a hearing yesterday, 6 April 2022, the High Court considered an application of the directors of VTB Capital PLC (VTB UK) for the appointment
Continue Reading ‘An unusual case in all sorts of ways’ – English High Court Considers Administration Application for Russian VTB Bank’s London Arm