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… 14 March 2023 Read More
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… 29 January 2023 Read More
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… 24 January 2023 Read More
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… 22 December 2022 Read More
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… 20 December 2022 Read More
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… 13 December 2022 Read More
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… 12 December 2022 Read More
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… 9 May 2022 Read More
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… 6 May 2022 Read More
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… 3 May 2022 Read More
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… 1 May 2022 Read More
Sanctions Compliance – ENR Law While various sanctions and restrictions on international business activities have been in place since the second half of… 28 April 2022 Read More
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… 20 April 2022 Read More
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… 8 April 2022 Read More
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… 7 April 2022 Read More
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… 6 April 2022 Read More
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… 24 March 2022 Read More
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… 24 March 2022 Read More
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… 22 March 2022 Read More
The RF imposes new countermeasures The RF continues imposing counter-sanctions in response to measures imposed by Western states. RF President Vladimir Putin signed… 18 March 2022 Read More
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… 11 March 2022 Read More
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… 10 March 2022 Read More
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… 9 March 2022 Read More
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… 9 March 2022 Read More
