New York Forum on Economic Sanctions this week

New YorkACI’s 9th Annual New York Forum on Economic Sanctions will take place this week on 6 – 7 December 2018 at Andaz Wall Street Hotel, New York.

For further details, see Conference Agenda and Request a Conference Brochure. When registering, use code P10-999-EUSB19 for a 10% online discount.

London C5 sanctions & financial crime conference next week

Parliament8A reminder that next week, the 7th annual C5 Economic Sanctions & Financial Crime Event will take place on 14 – 15 November 2018 at St. James’ Court Hotel, London, SW1E 6AF.

Maya Lester QC will be speaking on Brexit and sanctions. Details in the Conference Brochure. Code S15-999-SPK18 for a 15% online discount.

REMINDER: P&P Sanctions Breakfast Seminar – 6 Nov 2018

PrintA reminder that next week, Peters & Peters will be hosting its breakfast seminar on the latest developments in economic sanctions on Tuesday 6 November 2018 – the day after full re-imposition of US secondary sanctions on Iran.

Anna Bradshaw will chair the event in discussion with leading sanctions practitioners including confirmed speakers Maya Lester QC of Brick Court Chambers, Barbara Linney of Miller & Chevalier in Washington DC, and Chloé Cina of Deutsche Bank.

Discussions will focus on the repercussions of US sanctions policy for EU businesses and the experience of the extended EU Blocking Statute to date. Panellists will also consider the interplay with global anti-money laundering and counter-terrorist financing standards as well as with other US and EU sanctions programmes.

Venue

The Law Society – Reading Room

113 Chancery Lane

London, WC2A

Time

8:30 am – Registration

9:00 am – Start

10:00 am – Finish

Places are limited for this open invitation event. Please confirm your attendance as soon as possible by emailing events@petersandpeters.com (indicating any dietary requirements).

P&P Breakfast Seminar following full ‘snap back’ of US Iran sanctions – 6 Nov 2018

P&P Logo.jpgPeters & Peters will be hosting a breakfast seminar on the latest developments in economic sanctions on 6 November 2018 – the day after full ‘snap back’ of US secondary sanctions on Iran.

Anna Bradshaw will chair the event in discussion with leading sanctions practitioners including confirmed speakers Maya Lester QC of Brick Court Chambers and Barbara Linney of Miller & Chevalier in Washington DC.

Discussions will focus on the repercussions of US sanctions policy for EU businesses and the experience of the extended EU Blocking Statute to date. Panellists will also consider the interplay with global anti-money laundering and counter-terrorist financing standards as well as with other US and EU sanctions programmes.

Venue

The Law Society – Reading Room

113 Chancery Lane

London, WC2A

Time

8:30 am – Registration

9:00 am – Start

10:00 am – Finish

Places are limited for this open invitation event. Please confirm your attendance as soon as possible by emailing events@petersandpeters.com (indicating any dietary requirements).

London C5 sanctions & financial crime conference

Parliament8The 7th annual C5 Economic Sanctions & Financial Crime Event will take place on 14 – 15 November 2018 at St. James’ Court Hotel, London, SW1E 6AF.

Maya Lester QC will be speaking on Brexit and sanctions. Details in the Conference Brochure. Code S15-999-SPK18 for a 15% online discount.

Commons paper on the future of sanctions

Parliament4

The House of Commons Library has published an interesting Briefing Paper on The Future of Sanctions post Brexit (26 September 2018). A few of the points it makes:

  • The terms of agreement on the UK’s post Brexit involvement in EU foreign policy, including sanctions, is still unclear. The UK has said it wants an independent sanctions policy, the EU has said it wants “decision making autonomy”.
  • Transatlantic cooperation is likely to become more difficult, sanctions could become “entangled with increasingly competitive and nationalist trade policies”, and without the UK, EU sanctions may become more damaging to UK interests. Less coordinated sanctions could undermine their beneficial effects and exacerbate their unwelcome consequences (“freezing the Western assets of oligarchs close to the Kremlin, for example, may result in rich Russians re-patriating their wealth – something that the Kremlin would welcome”.
  • The UK will have to take over the “technical work” previously done in Brussels to ensure good sanctions design, but the UK “supplied a disproportionate amount of this expertise” to the EU in any event.
  • The UK courts are likely to be “crucial in shaping policy” and there is likely to be a “big increase in litigation” which will require “extra capacity in the UK court system”.
  • A problem with the Government’s position that there should be no remedy in a UK court for an unfounded UN designation is that there is only a UN Ombudsperson for one sanctions list (the UN Ombudsperson for the ISIL (Da’esh) and Al-Qaida Sanctions Committee) not the 13 other sanctions regimes.
  • One disadvantage of Magnitsky legislation is that it could be applied selectively and could lead to more litigation.