Skip to main content

HFW

Maritime Response

Brexit

GDPR

In this section

Download file as PDF

Trade Sanctions

Lawyers helping clients overcome the impact of trade regulations

HFW's international trade regulation practice advises clients on, and resolves issues related to, the impact of regulations mandated by the European Union and World Trade Organization. Our primary objective is to help clients overcome commercial obstacles related to market access and import and export-related difficulties that result from government intervention and market regulations worldwide

Video: International trade sanctions: how to keep your business safe

HFW sanctions expert Daniel Martin outlines the four key issues all businesses must consider in order to stay in front of this rapidly changing area of law – and avoid the potentially severe penalties for getting it wrong.

What we do in Trade Sanctions

We regularly advise on the sanctions regimes introduced internationally against countries such as Iran, Russia, Syria, Sudan and Cuba. Our advice focuses on sanctions adopted at UN, US, EU, UK, UAE, French, Swiss and Australian levels, and we regularly co-ordinate advice from other jurisdictions such as South Korea, Bermuda and Singapore.

We also advise on payment issues with respect to sanctions and appropriate contractual protection. We prepare bespoke clauses and/or advise on the effect of clauses prepared by others or industry standard clauses. We have also advised clients on disputes involving sanctions, including recent litigation in the UK Court of Appeal on the prohibition of insurance provisions of the EU sanctions against Iran.

We have excellent contacts within the key regulators, including HM Treasury (responsible for financial sanctions) and the Export Control Organisation (responsible for export controls and product-related sanctions) in the UK. We also have contacts with the US State Department, who invited us to host a round-table consultative discussion with senior US Government officials in London, following enactment of US extra-territorial sanctions.

Our experience in Trade Sanctions

Our trade sanctions practice is very active. We provide below some examples of our work in this area.
  • Advising in UK High Court proceedings on the validity of insurance cover provided by a UK P&I Club for liabilities for bunker oil pollution, in the context of EU sanctions against Iran.
  • Representing a policyholder in UK Court of Appeal proceedings on the prohibition of insurance provisions of the EU sanctions against Iran.
  • Representing a Singaporean company on submissions to the European Council and European Court of Justice following listing as an asset freeze target under the EU sanctions against Iran.
  • Advice "hotlines" for insurers, brokers and assureds, including Russia, P&I clubs and their members on the impact of sanctions against Iran, Russia, Syria and other countries on operations, cover, policy wording, etc.
  • Advising various commodity traders and banks on the effect of sanctions on commercial transactions and investments, in a wide range of regimes, including on payment issues and payments into frozen accounts.
  • Making applications for authorisation for payments to and from Iranian persons under the EU sanctions against Iran.
  • Advice for a wide range of shipping, commodities and aviation clients which are trading with Russia advising on whether their intended transactions comply with EU and US sanctions, including sectoral sanctions
  • Advising on the impact of EU restrictions on the supply of oil and gas equipment to Russia.
  • Advising counterparties of Rusal and related entities on the terms of the US licences which authorise trade with Rusal (etc).
  • Advising non-Russian entities on the impact of EU and US sanctions on their Russian subsidiaries
  • Advising a major Middle Eastern shipowner on the impact of US, EU, UK and Australian sanctions against Iran, on a project for purchasing and chartering Very Large Crude Carriers (VLCCs).
  • Preparing sanctions clauses for contracts of a major Australian commodity exporter.
  • Advising a major oil company on sanctions against Iran and Syria.

Recent Sanctions Briefings

SANCTIONS UPDATE: US SANCTIONS ON IRAN, 8 MAY 2018

President Trump announced on 8 May 2018 that the US would pull out of the JCPOA. He issued a National Security Presidential Memorandum that begins the process of re-imposing sanctions on areas including Iran’s energy, petrochemical and financial sectors. 

Click here to read more.

IRAN SANCTIONS: AEROSPACE FOCUS

Stakeholders within the aviation sector will be impacted by the reimposition of US sanctions against Iran. Further to HFW's earlier update on President Trump's decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate the Iran sanctions, this briefing considers the likely impact on the aviation sector.

Click here to read more.

IRAN SANCTIONS: STEERING A COURSE THROUGH DIFFICULT WATERS

President Trump's announcement on 8 May 2018 that the US would withdraw from the Joint Comprehensive Plan of Action (JCPOA) set the EU and US on divergent paths with respect to Iran. At the same time as the US indicated that the US sanctions which had been suspended in January 2016 would be re-imposed, the EU made clear that it intended to uphold the terms of the Iran deal, including the sanctions relief.

Click here to read more.

IRAN SANCTIONS: THE ENGLISH COURT STEERS A COURSE

In our previous briefing, we looked at the challenges of complying with EU and US sanctions from 5 November 2018, when further US sanctions are re-imposed, and the need to steer a course between the divergent courses which are being taken by the EU and the US.

Click here to read more.

Contact Us

Latest News