On 19 June 2023, Canada announced further amendments to the Special Economic Measures (Iran) Regulations in response to Iran’s “gross and systematic violations of human rights in different branches of Iran’s Revolutionary Courts.” These amendments list an additional seven individuals under Schedule 1 and entered into force on 19 June 2023.
Baker McKenzie’s Sanctions Blog published the alert titled Further amendments to UK Russia Sanctions on 21 June 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
With effect from 16 May 2023, Ukrainian borrowers are allowed to make payments from Ukraine abroad to repay and service certain cross-border loans from foreign lenders. The exempt payments should not be made prior to the payment date stipulated in the relevant loan agreement. The National Bank of Ukraine has expressly prohibited any amendments to the existing loan agreements that would shorten the payment terms thereunder.
As heightened sanctions activity amplifies challenges for those operating in a global environment, navigating this landscape requires a comprehensive – and collaborative – approach. Anahita Thoms (Partner, Baker McKenzie, Berlin) is joined by Sean Doherty (Head, International Trade and Investment; Member of the Executive Committee, World Economic Forum) and Hera Smith (Director, Financial Crime Compliance, Moody’s Analytics) to discuss how organizations can more confidently ensure sanctions compliance.
On 13 June 2023, Canada announced amendments to the Special Economic Measures (Haiti) Regulations in response to “acts of significant corruption.” These amendments list an additional two individuals under the Schedule of the Regulations and took effect on 13 June 2023.
Baker McKenzie’s Sanctions Blog published the alert titled Canada Announces Additional Sanctions in Response to Theft of Ukrainian Cultural Objects and Seizes Russian Cargo Aircraft on 16 June 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Ukraine sanctions Russian judges on 15 June 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled EU extends scope of Russia sanctions designated person categories on 14 June 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Blog Series: Sanctions Enforcement Around the World, the Spanish Perspective on 14 June 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
In lieu of our annual conference in Bellevue, WA, we are excited to again provide a Virtual Global Trade Conference available to all our clients and friends worldwide! The conference will be comprised of 90 minutes sessions over the course of two days. Join us on July 12 and 13 for any or all of the sessions and learn from our panel of experts as they share their insights on cutting-edge trade trends, regulatory updates and challenges, and major policy developments.