Lloyd's Market Association’s Post

On 04 May 2024, The Government promulgated the Decree No. 46/2024/ND-CP amending the Decree No. 99/2023/ND-CP on sanctions for administrative violations in the field of industrial property. It introduces important changes in sanctions and procedures for sanctioning violations of industrial property rights in Vietnam, and shall take effect from 01 July 2024. Read the entire article on World Trademark Review: https://lnkd.in/gmh68T5p #ip #ipr #vietnam #enforcement #infringement #counterfeit

The UK Solicitors Regulation Authority in its annual report reported to OFSI that 2 law firms are suspected of breaches of UK Russia sanctions in the year ended 5 April 2024 and that the breaches involved “facilitating transactions of more than £300,000”. #UKSanctions #Russia #EUCommission #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy #SecurityMatters #ForeignPolicy #ComplianceNews #EconomicSecurity #CrossBorderBusiness

On 27 May 2024, the Council of the EU introduced a new framework of sanctions implemented by Council Regulation concerning measures in view of the situation in Russia and Regulation 2024/1488, which enforces regulation in reaction to persistent human rights violations and internal repression in Russia. Companies and individuals must ensure compliance to avoid severe penalties. ➡️ https://ow.ly/xahy50S1Grx #EURegulation | #RussiaSanctions | #CouncilOfEU

BIS issued guidance on identifying transaction parties of diversion, focusing on Common High Priority Items. EU operators should take note as EU sanctions against Russia and Belarus necessitate specific compliance measures. For legal assistance, you may contact HERDEM Attorneys at Law #Russia #EUCommission #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy

🇺🇳 UN Expert Raises Concerns on Family-Based Sanctions Designations Alena Douhan, the UN Special Rapporteur on the negative impact of unilateral coercive measures on the enjoyment of human rights, has just released a new report. For the first time, she raises concerns about certain listing criteria under EU law 🇪🇺, condemning the use of designations when they are based solely on family ties. This is an interesting development in the ongoing debate on targeted sanctions. However, I find her reasoning not convincing, especially given the well-established EU jurisprudence that prohibits imposing designations on family members solely due to their family ties. #Sanctions #FamilyMembers #EU #UN #HumanRights #InternationalLaw #TayZa ➡️ https://lnkd.in/eKyhJW5a

A new European Directive, effective from May 14, establishes harmonised rules on sanctions for violations of EU restrictive measures, which officially became a “EU crime”. Read the new alert by Andrea Carreri Giovanni Morgese and Chiara Sarzi Sartori for clarity on the regulatory and sanction framework, liability of legal persons and possible effects ↴ #eu #newdirective #sanctions #misurerestrictive #lcastudiolegale

Practitioners may sometimes be in doubt whether to consent to or oppose an application for relief from sanctions. The Court of Appeal in Denton v TH White Ltd [2014] EWCA Civ 906 strongly discouraged satellite litigation arising out of litigants taking advantage of minor mistakes. Heavy costs sanctions can be imposed on a party who unreasonably opposes an application for relief from sanctions. By contrast, if it is reasonable to oppose an application for relief from sanctions, then the defaulting party is usually ordered to pay the costs of any application for relief, even if they are successful. In the linked article, Alexander Bradford provides a short guide to making the right decision in this dilemma, with case study examples and practical tips: https://lnkd.in/ejPh9eWW #barristers #relieffromsanctions

Proud to have collaborated with my colleagues Stephen Nattrass and Erin Brown on the Sanctions Regime Practice Note for Practical Law Global. Click below to learn more about what has been included in the Practice Note and why it is important for your business. Of course, you can always reach out to a member of our team if you have any questions. #Sanctions #LegalWriting #LegalTopics #Canada #CanadianBusiness

After the US Congress passes the International Criminal Court sanctions bill for prosecutor seeks Netanyahu warrant. I think that all the world should stand for these thugs in the US congress and we should consider Mr. Karim Khan a hero and globally support the ICC attempts to bring justice. So, therefore: 1- I ask Mr. Karim Khan to prosecute all the US Congress members who voted with yes on that legislation for obstruction of justice and illegal attempt to intimidate the judiciary. 2- I ask the mayors of every city around the world that have American Embassy or consulate to change the street name where it stands to be Karim Khan Street, or ICC Street, so they would have to write that in all their official correspondences. I think that is the least we can do to support justice. Khatija Banu Mohammed Umair Asmaa Khalil El-Kersh

Council gives final approval to introduce criminal offences and penalties for EU sanctions’ violation The Council adopted a law covering EU-wide minimum rules for the prosecution of violation or circumvention of EU sanctions in member states. Certain actions will now be considered criminal offences in all member states, for example helping to bypass a travel ban, trading in sanctioned goods or performing prohibited financial activities. Inciting, aiding and abetting these offences can also be penalized. #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy #SecurityMatters #ForeignPolicy #ComplianceNews #EconomicSecurity #CrossBorderBusiness