Peters & 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.
The Law Society – Reading Room
113 Chancery Lane
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 firstname.lastname@example.org (indicating any dietary requirements).
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.
Maya Lester QC is speaking on the future of UK and EU sanctions post Brexit at 12pm – 2pm (with lunch!) this Thursday 4 October 2018 in Washington DC. Please come (sign up today if possible please). Details here.
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.
On 11 September 2018, Jersey International Business School is hosting a half day forum on sanctions, at which Maya Lester QC is a speaker and panellist. All very welcome, details here.
Maya Lester QC has been given the World Export Controls Review practitioner of the year award (announced here). Maya is the first non American to win this award since its launch in 2015, due to what they describe as her “truly significant” contribution to sanctions law and its ongoing development. The WorldECR Awards “recognise outstanding work, vision, best practice, commercial benefit to the company, and contribution to international security, of organisations and individuals working in the fields of export control and sanctions compliance and non-proliferation”. They describe Maya as “a top-of-the-class performer at the top of her game”.
Lord Anderson of Ipswich KBE QC who nominated Maya, spoke of the ‘remarkable legal practice and experience Maya has developed in the field of sanctions, which is unparalleled in its depth and breadth … the vision, energy and commitment Maya gives to the world of sanctions, in particular by her daily work on the sanctions blog she co-founded … [and her] position as an authority and thought-leader on sanctions not only for clients seeking her assistance, but also for governments, legislatures and journalists.’
Recorded videos of the Brick Court ‘Sanctions after Brexit’ event on 21 June 2018 are now available here:
Panel One: Law
Panel Two: Policy
Panel Three: Industry
As previously advertised, Peters & Peters is hosting a breakfast on Tuesday 26 June 2018 entitled ‘Collision Course? The future of US, EU and UK sanctions policy’.
Venue will now be the Common Room at the Law Society, 113 Chancery Lane, London WC2A 1PL.
Time: 8.30am – 10am
Speakers: Barbara Linney (Miller & Chevalier in Washington DC), Maya Lester QC (Brick Court Chambers and europeansanctions.com) and William Dodsworth (Head of Financial Crime Policy at Barclays) moderated by Anna Bradshaw (Peters & Peters).
The panelists will discuss the broad reach of US primary and secondary sanctions, EU and UK responses to developments in US sanctions policy including the proposed EU blocking legislation and the repercussions for businesses as they seek to negotiate conflicts of laws and financial crime risk.
Further details on this event and how to register are here: https://www.petersandpeters.com/events/2018/05/collision-course-the-future-of-us-eu-and-uk-sanctions-policy/