As advised previously in our client alert, the UK has again departed from the EU sanctions regime by imposing sanctions against eight members of the Belarusian regime. On 29 September 2020, the UK imposed sanctions under its Global Human Rights sanctions regime on eight members of the Belarusian regime, for human rights violations (including torture … Continue Reading
As a direct result of nuclear and ballistic weapons tests conducted by the Democratic Peoples’ Republic of North Korea earlier this year, the United Nations, the European Union and the United States imposed increased sanctions against the country. These new restrictions affect various industries, including minerals, energy, shipping, banking, finance, and aviation. In keeping with … Continue Reading
Reed Smith has been closely monitoring developments in U.S.-Cuba relations. With President Obama’s historic visit to Cuba in the books, we invite you to take a closer look at some recent amendments that were made to Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR). These changes provide significant benefits in the travel, shipping, … Continue Reading
18 October 2015, marked ‘Adoption Day’ for the Joint Comprehensive Plan of Action (JCPOA). The JCPOA was agreed upon 90 days earlier, between the United States, Russia, China, the United Kingdom, France, and Germany, together with Iran. While the latest measures taken by the EU, the United States and Iran make the necessary legal preparations … Continue Reading
This post was also written by Georgia Quenby. The EMEA Determinations Committee of the International Swaps and Derivatives Association (ISDA) met on Friday last week (9 March) to discuss the Greek debt swap deal and to determine whether the deal amounts to a “Restructuring Credit Event”, thus triggering settlement under credit default swaps (CDS) referencing … Continue Reading
