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EU Adopts CFIUS-like Framework for Sake of National Security – Regulation Approved by the Council of EU

UPDATE: On March 5, 2019, the Council of the EU approved the Regulation establishing a framework for screening of foreign direct investments into the EU. As further explained below, the Regulation facilitates enhanced cooperation and exchange of information between EU member states and the European Commission. The Regulation could affect businesses and investors, as well as their interactions with government entities at … Continue Reading

Get Your Business Ready for Brexit

With continuing uncertainty, there is still a lack of clarity on what the final Brexit arrangements between the UK and the EU will look like. Many companies have been planning for the implications of Brexit for some time, and some still need to consider how Brexit may affect their operations. Both the UK government and … Continue Reading

How Do You, Your Suppliers and Customers Fare as Trade Tensions Escalate?

UPDATE: The Tariff Book was updated again on December 17, 2018. Changes were made to the US section. How To Use The Tariff Book Because there is so much information included in this Tariff Book, we have made the document fully searchable. The information provided in this book comes from number of different sources, some of which are … Continue Reading

EU Introduces New Sanctions Regime Against Persons Involved in Proliferation and Use of Chemical Weapons

On October 15, 2018, the Council of the EU adopted new sanctions against people and entities involved in providing financial, technical or material support for or otherwise involved in any business transaction related to proliferation of chemical weapons. In particular, EU sanctions provide for the freezing of assets for sanctioned people/entities.… Continue Reading

EU Updates Its List of Sanctioned Entities

In October 2018, the EU decided to amend its list of sanctioned entities and persons in the following countries: Burundi, Guinea and North Korea. Further, the European Commission added new persons to sanctions directed against the ISIL (Da’esh) and Al-Qaida organizations, and removed restrictions imposed on one Iraqi entity. The up-to-date consolidated list of all entities and people subject to EU … Continue Reading

EU Amends the Blocking Regulations to Counter US Sanctions Against Iran

The amended EU Blocking Regulation entered into force on August 8. The amendment extended the scope of US sanctions against Iran with which EU citizens or entities must not comply. In addition to the updated EU Blocking Regulation, the European Commission issued: Guidance Note — Questions and Answers: adoption of update of the Blocking Statute Commission Implementing Regulation (EU) … Continue Reading

European Commission Published a Draft Guidance on the Internal Compliance Program

The European Commission published its draft guidance on the internal effective export control compliance programs. The guidance is subject to public consultation with all interested  stakeholders. In order to take part in the consultation, it is necessary to submit a contribution via the on-line survey.… Continue Reading

EU Extends Its Sanctions to New Persons and Entities in Certain Third Countries

In July, following decisions of the Sanctions Committee of the United Nations Security Council, the European Commission lifted the freeze of funds and economic resources sanctions imposed on certain Iraqi entities, including some state owned enterprises (Commission Implementing Regulation (EU) 2018/979, Commission Implementing Regulation (EU) 2018/1025 and Commission Implementing Regulation (EU) 2018/1066).… Continue Reading

European Commission Starts Consultations on Its Guidelines for “Specially Designed for Military Use” Under the Transfer Directive

Directive 2009/43/EC (so-called the “Transfer Directive”) regulates terms and conditions of the transfer of defense-related products within the EU. According to the Transfer Directive, products are subject to licensing requirements to the extent they are “specially designed for military use”. The European Commission, in close cooperation with member states, has undertaken an initiative to clarify the scope of the term “specially designed … Continue Reading

EU Adopts New Embargo and Sanctions Against Myanmar

The Council of the EU imposed new EU sanctions on Myanmar. The EU prohibited exports of dual-use goods for military and Border Guard Police end-users, and introduced restrictions on exports of equipment for monitoring communications that might be used for internal repression. Further, the Council of the EU froze assets of natural persons from the Myanmar Armed Forces (Tatmadaw) and … Continue Reading

European Commission Published the Updated List of Competent Authorities Under the Kimberley Process, Including Venezuela

The EU updated the list of national authorities participating in the Kimberley Process certification scheme for trade in rough diamonds. The list also includes the competent authorities of Venezuela that were readmitted to participate in this scheme. (Commission Implementing Regulation (EU) 2018/578)… Continue Reading

EU Amends Sanctions Against Egypt

The Council of the EU has extended the application of its sanctions against persons responsible for the misappropriation of state funds of Egypt. The sanctions are in force until 22 March 2019. In addition, the Council of the EU has decided to delist six individuals from the list of affected persons. (Council Decision (CFSP) 2018/466 and Council Implementing Regulation … Continue Reading

EU Prolongs and Simultaneously Amends Its Sanctions in Relation to Bosnia and Herzegovina

The Council of the EU has decided to extend the EU restrictive measures concerning the situation in Bosnia and Herzegovina, including the asset freezes, until 31 March 2019 (Council Decision (CFSP) 2018/459). In addition, the EU has decided to lift a travel ban on persons who were involved in violent incidents in Mostar on 10 February 1997 (Council Decision (CFSP) … Continue Reading

EU Prolongs Validity of Certain Sanctions Enforced in Relation to the Situation in the Ukraine

The Council of the EU has extended the validity of the sanctions against persons involved in the misappropriation of Ukrainian State funds, or persons responsible for human rights violations in Ukraine, and natural or legal persons, entities or bodies associated with them. The sanctions remain in force until 6 March 2019. (Council Decision (CFSP) 2018/333 and Council Implementing Regulation (EU) … Continue Reading

EU Amends the Scope of Sanctions Against the Central African Republic

In order to implement the UN Security Council resolution of 30 January 2018, the Council of the EU has amended the scope of the exemptions to the embargo on exports of arms to the Central African Republic (CAR). In addition, the EU has amended the criteria for designation of persons and entities under the CAR-related sanctions. (Council Decision (CFSP) … Continue Reading

UK Implements EU’s Venezuela Sanctions Regime

On 6 December 2017, the Venezuela (European Union Financial Sanctions) Regulations 2017 entered into force in the UK. This regulation implements Council Regulation (EU) 2017/2063 of 13 November 2017 and provides for the imposition of restrictive measures on persons or entities considered to be involved in undermining democratic principles and the rule of law, as … Continue Reading

Four Non-EU Countries Align With EU Sanctions Against Russia

On 31 January 2018, the High Representative of the Union for Foreign Affairs and Security Policy announced that Montenegro, Albania, Norway and Ukraine had aligned themselves with EU Council Decision (CFSP) 2017/2426. They have, therefore, extended a part of the sanctions imposed on Russia in relation to its violation of Ukrainian sovereignty and territorial integrity … Continue Reading

EU Declassifies Negotiating Directives for EU-Chile Modernised Association Agreement

On 22 January 2018, the Council made public for the first time the directives given to the European Commission to negotiate a Modernised EU-Chile Association Agreement. Quite interestingly, the Commission should address specific issues such as the promotion and liberalisation of investments, the protection of intellectual property rights, the elimination of non-tariff barriers, the cooperation … Continue Reading
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