On May 22, 2015, the US Government relaxed certain export and reexport controls imposed under US sanctions targeting the Crimea region of Ukraine (“Crimea”). Specifically, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued a new General License authorizing the export or reexport from the United States or…
Pursuant to AML changes in the law1, all Ukrainian legal entities are required to file with the State…
We rarely think about emergencies before they arrive on our doorstep. Yet, the recent civil unrest in Baltimore…
Effectively managing corporate compliance efforts in today’s regulatory environment–preventing corporate officers and employee from engaging in illegal practices, while also addressing a wide array of other compliance and risk management concerns–presents a major challenge to multinational companies with extended enterprises. Although enforcement guidelines around the world vary in length, tone…
On April 26, 2015, a new law requiring companies to have compliance programs came into effect in Ukraine. …
Various countries and their compliance-enforcing agencies request that companies have “adequate” compliance programs and organizations. But what does…
From 28 March 2015 the powers of the Supreme Court will be enhanced and new rules will apply to the selection and disciplining of judges, in what is the first step in an expected major overhaul of the judicial system in Ukraine. The changes were introduced when on 24 February…
Russia considers a partial withdrawal of its embargo on imports of food products originating from the countries that…
In late 2014, the trade associations for the Med-Tech and Diagnostics industries in Europe have recommended phasing out…
The U.S. Commerce Department’s Bureau of Industry and Security (“BIS”) is issuing a final rule amending the Export Administration Regulations, 15 C.F.R. Part 730 et seq. (“EAR”), to impose a license requirement on the export, reexport, or transfer by any person of virtually all “items subject to the EAR” to or within the Crimea…