On 14 September 2017, the United States (“US“) certified Iran’s compliance with its obligations under the Joint Comprehensive Plan of Action (“JCPOA“). Thereby extending the sanctions relief under the JCPOA. Meanwhile, OFAC imposed new sanctions against 11 firms and individuals for allegedly aiding Iran’s ballistic missile program and helping it to conduct cyber attacks on the US and support terrorism. The full OFAC Iran designations can be found here. B&A Law advises many companies interested in or doing business in Iran. … Continued
B&A Law is op zoek naar een gedreven en ambitieuze advocaat-medewerker. Heb jij de kennis en expertise om complexe (grensoverschrijdende) zaken te behandelen? Ben je zelfstandig, een harde werker en ben je positief ingesteld? Dan zijn wij op zoek naar jou. Over jou Onze ideale kandidaat heeft vier tot zes jaren werkervaring als advocaat bij een (groot) advocatenkantoor. Is iemand met kennis van het sanctierecht en de exportcontrole wetgeving, hij of zij heeft een scherp analytisch vermogen en beschikt over … Continued
On 2 August 2017, President Trump signed new sanctions against Russia. After approval by the Senate and the House of Representatives, on which we wrote before (see here and here), the sign-off was the last step prior to the entry into force of the new sanctions. As described in our previous posts, the bill introduces a Congressional approval procedure before any waiver, suspension, reduction, relief from, or other limitation of the application of sanctions with respect to the Russian Federation. Also, … Continued
On 27 July 2017, CSE TransTel Pte. Ltd. (“TransTel”), a wholly-owned subsidiary of the international technology group CSE Global Limited, both of which are located in Singapore, has agreed to pay USD12 million, in order to settle its potential civil liability for 104 apparent violations of the United States (“US“) Iran sanctions regime. During this investigation, OFAC found that between June 2012 and March 2013, TransTel caused at least six separate financial institutions to engage in the unauthorised exportation or re-exportation … Continued
B&A Law is extremely proud and honoured to announce that Yvo has been awarded the title “Young Practitioner of the Year” by the worldwide renowned sanctions and export control magazine, WorldECR! An unbelievable honour for him personally and a great recognition for all his work at the Firm, particularly when taking into account the impressive track records of all the other nominees. Yvo is highlighted by WorldECR as: “High-profile cases, strong business sense, and an ambition to build a leading … Continued
US Congressional leaders have reached an agreement on new sweeping sanctions legislation against Russia’s meddling in the US presidential elections, its actions in the Crimea and its support of the Syrian regime. The new legislation would limit the US President’s ability to suspend or terminate the Russia sanctions. We already wrote about the sanctions bill, which article can be found here. Although the version of the bill includes a small number of changes, technical and substantive, from the Senate legislation, … Continued
On 18 July 2017, the United States imposed new sanctions on Iran in a response to – what is referred to as – “continued Iranian threats”. The Administration has designated 18 entities and individuals supporting Iran’s ballistic missile program and Iran’s military procurement, Iran’s Islamic Revolutionary Guard Corps (IRGC) and sponsorship of terrorism, pursuant to Executive Order (E.O.) 13382 (which targets proliferators of weapons of mass destruction and their means of delivery and supporters of such activity) and (E.O.) 13581 (which targets … Continued
On 23 June 2017, the EU has updated the listings of 23 people and 14 entities on its Iran anti-nuclear proliferation and ballistic missile sanctions described in Regulation (EU) No 267/2012. This update was done in order to reflect the amendments made to the identifying information by the UN. The Council implementing regulation can be found here.
On 28 June 2017, the EU Council has decided to renew the EU Russia sanctions regime for another 6 months, until 21 January 2018. The EU Russia sanctions regime includes restrictive measures that target Russia’s financial, energy, and defence sector and also includes measures regarding dual-use goods. The EU Russia sanctions regime was originally introduced on 31 July 2014 for one year in response to Russia’s actions destabilising the situation in Ukraine. The regime was strengthened in September 2014 and on 19 … Continued
On 23 June 2017, the EU has renewed its Crimea and Sevastopol sanctions regime until 23 June 2018. The restrictive measures under this sanctions regime include prohibitions on the import of products originating in, export of certain goods and technologies to, investment in, and tourism in Crimea and Sevastopol. The official Council press release can be found here and the amending Council Decision can be found here.