Tag Archives: United Kingdom

Considerations for Post-COVID-19 Trade in the World of New Normal

The corona pandemic, the ongoing Brexit and the emerging dominance of China in global markets are among the issues that pose multifaceted challenges for international trade relations. At a time when new Free Trade Agreements are being negotiated, we would like to examine how international trade can be shaped in the “World of New Normal” … Continue Reading

Does Digital Service Tax Matter To You? New Section 301 Investigation – Comment Period Now Open

On June 2, the Office of the US Trade Representative (USTR) announced that it would be initiating new Section 301 investigations examining digital services taxes (DSTs) adopted or under consideration by Austria, Brazil, the Czech Republic, the European Union, India, Indonesia, Italy, Spain, Turkey and the United Kingdom.  USTR is requesting comments to inform their … Continue Reading

Coronavirus and Trade – US and EU Travel Bans

On March 11, 2020, President Trump announced via a nationally televised address that effective from 11:59 p.m. EDT, March 13, 2020, he would suspend or limit travel into the US from foreign nationals who have recently been in certain European countries in an effort to curtail the person-to-person transmission of the COVID-19 coronavirus in the … Continue Reading

Upcoming/New CFIUS Filing: Aon plc and Willis Towers Watson Public Company Limited

Status:  Upcoming/New Filing Acquirer:             Aon plc (UK, Ireland) Acquired:            Willis Towers Watson Public Company Limited (Ireland) Value:                   Approx. US$24 billion Industry:             Financial Services; Insurance… Continue Reading

Brexit: Developments in Parliament on UK Trade and Sanctions Bills

The UK Trade Bill continued to be debated in the House of Commons with a second reading taking place on 9 January 2018. One of the main contributions of the bill is the establishment of the UK Trade Remedies Authority, an institution responsible for investigations into trade remedies, a responsibility currently assigned to the European … 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

UK Issues Guidance on Form to Release Information on Classified Goods and Services to Foreign Nations

On 29 January 2018, the ECJU published a guidance on the MOD Form 680 allowing firms to apply for permission to release information about classified goods and services to foreign nations. According to this guidance, the outcome of a MOD Form 680 request depends on various factors, including the complexity of the project, protective opportunities … Continue Reading

UK Amends the Consolidated List of Strategic Military and Dual-Use Items

On 17 January 2018, the UK’s ECJU of the UK Department of International Trade updated the Consolidated Control List of Strategic Military and Dual-use Items that Require Export Authorisation. The updated list notably takes into account the changes made to the EU dual-use export control list (See Annex I of the above link).… Continue Reading

UK Revokes Certain Open General Export Licences

On 4 January 2018, the Export Council Joint Unit (ECJU) of the UK Department for International Trade revoked Open General Export Licences (OGELs) applicable to dual-use technology items, cryptographic development, low value shipments, and dual-use items for oil and gas exploration, as well as OGELs for Turkey. The ECJU suggested they will be replaced very … Continue Reading

CE Marking Post-Brexit

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

Commission Updates to EU Control List of Dual-use Items Enter into Force

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

UK Publishes Taxations (Cross-Border Trade) Bill

On 21 November, the UK government published the Taxation (Cross-border Trade) Bill, the stated aim of which is to “allow the UK to set and collect its own duty on goods coming into the country and will allow the government to implement different outcomes of the EU negotiations, including an implementation period”. The government announcement … Continue Reading

House of Lords Report Expresses Deep Concerns Over UK Sanctions Bill

On 17 November, the House of Lords Select Committee published its report on the UK Sanctions and Anti-Money Laundering Bill, wherein it expressed concerns, for example, in respect of the bill’s three-yearly review provisions, which it is not convinced are acceptable. The Lords also questioned the absence of an individual’s right to be told that … Continue Reading

UK Introduces Regulations in Light of EU Sanctions on Venezuela

In November, the UK passed the Venezuela (European Union Financial Sanctions) Regulations 2017. The regulations follow the EU’s recent sanctions on Venezuela as part of Council Regulation (EU) 2017/2063. They cover offences, penalties and other provisions, such as reporting obligations. On 15 November, the UK Department for International Trade published a notice to exporters (Notice … Continue Reading

Terrorism and Terrorist Financing

The UK’s Office of Financial Sanctions Implementation, part of HM Treasury, renewed the final designations of “Popular Front For The Liberation Of Palestine – General Command” and “Popular Front For The Liberation Of Palestine”, with effect from Friday 1 December 2017. These entities, therefore, continue to be subject to financial sanctions imposed by the Terrorist … Continue Reading

UK SFO Opens Probe into KBR, Inc.

Due to the UK Serious Fraud Office’s (SFO) ongoing investigation into Unaoil, in a press release dated 28 April 2017, the SFO confirms, “it has opened an investigation into the activities of KBR, Inc’s United Kingdom subsidiaries, their officers, employees and agents for suspected offences of bribery and corruption”. KBR, Inc. is a US based … Continue Reading

UK Scheduled to Publish Bill on Post-Brexit Sanctions Collaboration With the EU

In a parliamentary debate on Eastern Ukraine, UK Foreign Secretary Boris Johnson announced that the UK will be introducing a bill “on how we will continue to take part in sanctions jointly with our friends and partners across the channel”. Boris Johnson also stated that the UK “already leads the way in imposing sanctions on … Continue Reading
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