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Baker McKenzie’s Sanctions Blog published the alert titled UK denies Russia access to Most Favored Nation status and announces the imposition of new import tariffs on hundreds of Russian products on 17 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

On 22 December 2021, the European Commission released its proposal for a directive setting the rules to prevent the misuse of shell undertakings for tax purposes (ATAD III or unshell or Proposal) amending Directive 2011/16/EU on administrative cooperation in the field of taxation. ATAD III is subject to negotiation among all 27 member states and requires unanimous agreement for adoption.

We are sharing an episode from the FInsight podcast series as part of the UK Disputes Soundbites series, because of its interesting findings, predictions and exploration of trends in the evolving disputes landscape, with reference to our fifth annual report, The Year Ahead: Global Disputes Forecast 2022.
Hear partners Amy Greer (New York), Marc Thorley (London) and Carolina Duque (Bogota) discuss key findings relevant for financial institutions and the factors driving the increase in disputes and emerging concerns related to liabilities. They also cover litigation around digital transformation, tax, ‘business-as-usual’ conduct, and; new environmental, social, and governance (ESG) standards.