GT London Law Blog

GT London Law Blog

Legal Advisers for a Changing World

Tag Archives: GT Insight

OFSI Finds Its Teeth While OFAC Continues to Enforce Against Non-U.S. Corporates

Posted in criminal law, GT Alert, International Trade, White collar
The UK’s Office of Financial Sanctions Implementation (OFSI), the body tasked by the UK Treasury to administer and enforce financial sanctions in the UK, has issued its biggest monetary penalty to date, against the UK arm of an international telecommunications company for breaching sanctions imposed on a Syrian entity. The £146,341 monetary penalty was issued against… Continue Reading

LIBOR Transition Newsletter – Issue 1

Posted in Corporate, FCA, Financial Conduct Authority, Government, LIBOR, Regulatory
Welcome to Greenberg Traurig’s LIBOR Transition Newsletter, where we provide updates, analysis, and occasional commentary on the latest developments relating to the highly anticipated phasing-out of LIBOR at the end of 2021 – barely two years from now. Questions addressed in this issue: Why is LIBOR being phased out? What will be the immediate effect?… Continue Reading

The Revised Brexit Withdrawal Agreement and Political Declaration and Their Impact on UK Environmental Standards

Posted in Brexit, Environmental, GT Alert, International Law
An important difference between UK Prime Minister Boris Johnson’s Withdrawal Agreement and former Prime Minister Theresa May’s Withdrawal Agreement is that provisions relating to environmental protections have been removed and are now to be found in the amended Political Declaration. While the Withdrawal Agreement, once ratified, would be a legally binding treaty between the UK… Continue Reading