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In Sanctions

Global: The Impact of Sanctions on Finance Party Interactions in Typical Debt-financing Transactions

by and 2 Mins Read

Recent events have thrown the spotlight on sanctions. Sanctions provisions in facilities agreements are frequently keenly negotiated, and most lenders have minimum requirements. We typically see lenders focus more on the activities of the obligor group and its business than on the other lenders and finance parties to the transaction.
Accordingly, we anticipate many of our clients revisiting their sanctions policies and giving greater weight to mitigating risks associated with any party to a transaction becoming the subject of sanctions, not just members of the obligor group.

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In Trade and Foreign Investment

United States: Department of Commerce implements additional export controls against Russia and Belarus and refines existing controls

by , and 1 Min Read

Baker McKenzie’s Sanctions Blog published the alert titled Department of Commerce Implements Additional Export Controls against Russia and Belarus and Refines Existing Controls on 22 September 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

In Trade and Foreign Investment

United States: BIS Amends Licensing Requirements with Respect to Standards-Related Activities

by , and 4 Mins Read

On 9 September 2022, the US Department of Commerce’s Bureau of Industry and Security (BIS) published an interim final rule revising the Export Administration Regulations to authorize the release of certain technology and software in the context of “standards-related activity” involving entities listed on the Entity List. Comments on the impact of this action on participation in “standards-related activity” must be submitted to BIS no later than 8 November 2022.

In Sanctions

United States: OFAC issues preliminary guidance on the implementation of a maritime services policy ban and related price exception for seaborne Russian oil

by , and 1 Min Read

Baker McKenzie’s Sanctions Blog published the alert titled OFAC Issues Preliminary Guidance on the Implementation of a Maritime Services Policy Ban and Related Price Exception for Seaborne Russian Oil on 20 September 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

In Sanctions

United States: OFAC extends and reissues General License authorizing certain transactions involving the Central Bank of Russia, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation

by 1 Min Read

Baker McKenzie’s Sanctions Blog published the alert titled OFAC extends and reissues General License authorizing certain transactions involving the Central Bank of Russia, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation on 9 September 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

In Trade and Foreign Investment

BIS Issues New FAQs Addressing Red Flags Related to Russia/Belarus and Semiconductor Foundries’ Potential Entity List Dealings

by , and 1 Min Read

Baker McKenzie’s Sanctions Blog published the alert titled BIS issues new FAQs addressing red flags related to Russia/Belarus and semiconductor foundries’ potential entity list dealings on 1 September 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

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