Topic: Blocking statute

US-sanctioned shipping company sues Reed Smith over failed tanker deal

A Dubai shipping company is seeking over $20 million in damages, claiming that the law firm scuppered the purchase of an oil tanker and committed a criminal offence in the UK in the process.

16 October 2023

GIR sanctions roundtable transcript: Part II

The second instalment of GIR’s sanctions roundtable sees the panellists discuss global trends and priorities, views on countersanctions and blocking measures, and enforcement and cooperation strategies from the private and government side.

17 September 2021

Guidance on EU law blocking US sanctions prompts more questions

“On balance, this guidance is likely to make life more difficult for EU companies,” said one sanctions expert.

13 May 2021

China prohibits companies from complying with foreign laws

China has introduced a framework to thwart foreign laws that it deems to be unfair or overreaching, in a move announced shortly after the US imposed a slew of restrictions targeting the country.

11 January 2021

US authorities given additional powers to subpoena foreign banks

The recently passed US defence bill significantly increases the scope of banking records that the Justice and Treasury departments can demand from foreign banks.

07 January 2021

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