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
‘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
Greenberg Traurig Succeeds in Limitation Trial for Client Tradition Financial Services Ltd
In a judgment handed down by Marcus Smith J, the High Court Judge (Chancery Division) held that the Claimants’ claims brought against Tradition Financial Services
Continue Reading Greenberg Traurig Succeeds in Limitation Trial for Client Tradition Financial Services Ltd
Corporate Restructuring in the UK – the Old or the New?
This GT Alert provides an analysis of the UK’s corporate rescue tools: The Company Voluntary Arrangement, the Scheme of Arrangement and the Restructuring Plan.
Click
Continue Reading Corporate Restructuring in the UK – the Old or the New?
Smile Telecoms Restructuring Plan Sanctioned by Lord Justice Snowden – A Number of Restructuring Plan ‘Firsts’ Established
On 30 March 2022 the English High Court sanctioned a restructuring plan proposed by Smile Telecoms Holdings Limited pursuant to Part 26A of the Companies
Continue Reading Smile Telecoms Restructuring Plan Sanctioned by Lord Justice Snowden – A Number of Restructuring Plan ‘Firsts’ Established
UK Russian Sanctions – Updated Guidance on Ownership and Control
The UK Office of Financial Sanctions Implementation (OFSI) has updated its guidance on ownership and control. If a person or entity is on the UK
Continue Reading UK Russian Sanctions – Updated Guidance on Ownership and Control
Business Disputes in the UK 2022
This GT Advisory looks at the types of claims UK businesses, their directors and shareholders may be involved in over the next few years, including
Continue Reading Business Disputes in the UK 2022
UK Russian Sanctions and Economic Crime Update – A More Forceful Approach
As anticipated, the Economic Crime Bill was passed and became the Economic Crime (Transparency and Enforcement) Act 2022 on 14 March 2022. Overseas entities, their
Continue Reading UK Russian Sanctions and Economic Crime Update – A More Forceful Approach
UK Russian Sanctions: Is the UK Doing Enough?
Despite the rhetoric, it is clear that the United Kingdom has not, in fact, been leading the way on sanctions against Russia in response to
Continue Reading UK Russian Sanctions: Is the UK Doing Enough?