Banks | ENR LAW

The Collapse of Signature Bank and Silicon Valley Bank: Legal Consequences

The recent bankruptcy of both Signature Bank and Silicon Valley Bank has sent shockwaves through the financial and…

British High Court Authorizes Money Judgement in Favor of a Bank Subject...

In a recent judgment, British High Court of Justice ruled on an application for a stay and discharge…

Gazprombank (Russia) will cease processing transactions in USD

January 2023. Gazprombank (Russia) was notified by two major US banks, JPMorgan Chase, and Bank of New York…

National Settlement Depository to obtained a license from Ministry of Fi...

December 22, 2022, Russian National Settlement Depository, the main depository of foreign securities in Russia, previously sanctioned by…

Luxembourg has issued a General Authorization allowing to unblock the as...

December 20, 2022, Luxembourg Ministry of Finance has authorized[1] (“General Authorization”) a release of funds held by currently…

EU Adopts Directive on 15% minimal taxation imposed on big business, fol...

December 12, 2022, the Council of European Union has agreed on a Directive on ensuring a global minimum…

European Court of Justice invalidates public access to European registri...

November 20, 2022, the European Court of Justice (Grand Chamber) has issued a Judgement concerning the validity of…

The US imposed restrictions on corporate management services to Russian ...

On the 8th of May 2022, the United States adopted a new sanctions package against the Russian Federation…

OFAC issued new Russia-related general licenses

OFAC issued two revised general licenses and three new general licenses with relation to Russia on May 2nd…

The RF enacts a new Decree imposing retaliatory sanctions

The RF has enacted the Decree on the application of retaliatory sanctions against unfriendly countries and organizations. The…

Russia continues imposing countersanctions in response to Western countr...

On 20th of April 2022, the Russian Federation adopted the Law which sets forth restrictions for Russian credit…

Sanctions Compliance – ENR Law

While various sanctions and restrictions on international business activities have been in place since the second half of…

The US is targeting facilitators of Russian sanctions evasion through ne...

OFAC (the US Department of the Treasury’s Office of Foreign Assets Control) is developing its measures against Russia…

The EU imposes its 5th package of sanctions against Russia

The EU adopted its 5th package of sanctions against Russia on April 8th, 2022. This new round imposed…

The US imposes additional restrictions and sanctions against Russia

US president Joe Biden signed a new Executive Order (E.O. 14071) on April 6th, 2022, which imposes fresh…

The UK announces further sanctions and restrictions against the RF

The UK announced a fresh package of economic sanctions against Russia on April 6th, 2022. This round of…

The UK imposes further sanctions on Russia

The UK government designated 65 additional Belarusian and Russian entities and individuals to their consolidated list of financial…

The Group of Seven (G7) and EU leaders meet in NATO headquarters to str...

The Group of 7 (G7) and European Union leaders met in Belgium, in NATO headquarters for the NATO…

The RF lifted restrictions regarding real estate transactions of non-res...

On March 22nd 2022, RF authorities decided to lift restrictions regarding real estate transactions carried out by non-residents…

The RF imposes new countermeasures

The RF continues imposing counter-sanctions in response to measures imposed by Western states. RF President Vladimir Putin signed…

The Group of Seven (G7) announce new actions to impose economic costs on...

The EU, UK, US, Canada, France, Germany, Italy and Japan leaders announced in a joint statement on March…

The UK and EU continue imposing sanctions on Russia

The UK and EU introduced additional sanctions against Russia on March 10th 2022. On this day, the UK…

The RF continues imposing measures in response to sanctions imposed by s...

The Central Bank of Russia issued instructions regarding limitations on cash withdrawals from deposits and currency accounts by…

The EU imposed a fifth package of sanctions on Russia and extends scope ...

The European Union agreed to widely expand sanctions on Belarus, to impose new sanctions on wealthy Russian individuals…