On 29 April 2020, the French Treasury announced additional emergency measures undertaken to strengthen its national foreign direct investment (FDI) screening mechanism.… Continue Reading
In recent years, we have witnessed the rise of international sanctions and the increase of export and import controls. This, together with the blocking regulation (with which third countries try to mitigate the extraterritorial effects of US sanctions) has added uncertainty to international trade.… Continue Reading
On March 25, 2020, the European Commission published a Guidance addressed to Member States on the application of foreign direct investment (FDI) Screening Regulation 2019/452 in the EU and restrictions on free movement of capital from third countries. The Guidance relates to the Coronavirus Disease 2019 (COVID-19) pandemic. … Continue Reading
Discussed in this post: Decree n°2019-1590 of 31 December 2019 relating to foreign investments in France Order of December 31, 2019 relating to foreign investments in France… Continue Reading
EU extends sanctions with respect to actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. … Continue Reading
On October 14, 2019, the EU published a regulation concerning restrictive measures in view of the situation in Nicaragua. The EU sanctions target persons and entities responsible for human rights violations or abuses, the repression of civil society and democratic opposition in Nicaragua, as well as persons and entities whose actions, policies or activities otherwise undermine democracy and the rule of … Continue Reading
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
On August 10, the Council of EU amended its sanctions against South Sudan. This amendment clarifies the scope of limitations imposed on exports of military goods to South Sudan (Council Decision (CFSP) 2018/1125 and Council Regulation (EU) 2018/1116).… Continue Reading
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
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
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
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
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
On 5 July 2016, the European Commission presented a proposal for a Directive of the European Parliament and of the Council amending Directive (EU) 2015/849, which is intended to prevent the financial system from being used for money laundering or terrorist financing. Following negotiations between the Council and the European Parliament, a provisional agreement was … Continue Reading
Presented by the European Commission on 28 September 2016, the dual-use items Regulation Proposal aims at reviewing the export control regime of dual-use items. The proposal contains amendments to key export control notions, for example, the amending of the definition of “dual-use” to include cyber-surveillance technologies. It also clarifies controls on intangible technology transfer (ITT) … Continue Reading
The EU extended asset-freezes against persons provided in Council Decision 2011/72/CFSP and in Council Implementing Regulation (EU) No 101/2011 who are considered to be responsible for the misappropriation of Tunisian State funds. On 29 January 2018, the sanctions were extended until 31 January 2019 (See Council Decision (CFSP) 2018/141 and Council Implementing Regulation (EU) 2018/137).… Continue Reading
On 11 December 2017, the Council extended its current sanctions regime against the Democratic Republic of Congo (DRC) until 12 December 2018. These sanctions were adopted in response to the obstruction of the electoral process and the related human rights violations in DRC (See Council (CFSP) Decision 2017/2282). EU Candidate Countries Macedonia, Montenegro and Albania, … Continue Reading
On 11 January 2018, the EU amended its list under Council Regulation No 881/2002 imposing certain specific restrictive measures directed against persons and entities associated with the ISIL (Da’esh) and Al-Qaida organisations (See Commission Implementing Regulation No 2018/50).… Continue Reading
On 22 January 2018, the EU froze the assets of seven Venezuelan officials, notably including the Minister for Interior, the head of the Intelligence Service, the head of the National Electoral Council and the President of the Supreme Court of Justice. These individuals are considered by the EU to be “involved in the non-respect of … Continue Reading
On 8 January 2018, the EU aligned its North Korea sanctions list with part of UN Security Council Resolution 2397 adopted on 22 December 2017. Sixteen persons and one entity, the Ministry of the People‘s Armed Forces, have been added to the list of those subject to an asset freeze and travel restrictions (See Council … Continue Reading
On 21 December 2017, the Council of the European Union prolonged sanctions targeting sectors of the Russian economy until 31 July 2018 (See Council Decision (CFSP) 2017/2426). The restrictive measures include limited access to EU primary and secondary capital markets for certain Russian banks and companies, an export and import ban on trade in arms, … Continue Reading
On 10 January 2018, the European Commission published important notice warning of the consequences that Brexit will have in the field of industrial products[1], which are subject to CE Marking requirements when placed on the European Union (EU) market. For those products, the European Commission confirmed that, to demonstrate compliance with CE Marking requirements for … Continue Reading
On 16 December, the European Commission’s updates to the EU dual-use export control list entered into force. On 26 September 2017, the commission adopted the annual Delegated Regulation (2017/2268), which was published in the Official Journal on 15 December, updating the EU dual-use export control list in Annex I to Regulation (EC) No 428/2009. The … Continue Reading
On 7 November, the UK Office of Financial Sanctions Implementation issued a Financial Sanctions Notice confirming that, as of that date, no individuals or entities had been included in Annex I of the EU Regulation. This remains the case at the date of this post. By way of background, on 17 October 2017, the UK … Continue Reading
