Two months into Russia’s invasion of Ukraine, the EU and the U.K. have continued to expand their Russia sanctions programs. Here we summarise the measures introduced since our previous update and we overview where the EU and...more
On April 5, 2022, the EU announced the fifth package of sanctions against Russia. The latest round, aimed at cutting deeper into the Russian economy, will focus on the following six areas:
1. An import ban on coal from...more
On March 24, 2022, the U.K. added 65 new targets, including several prominent Russian organisations and individuals, to its financial sanctions put in place following the invasion of Ukraine.
The most prominent...more
The Russian invasion of Ukraine is continuing to prompt escalating sanctions and export controls on both sides of the Atlantic. Our team breaks down the latest measures coming out of the European Union, the United Kingdom and...more
On March 10, 2022, the U.K. announced sanctions against seven Russian oligarchs, including Roman Abramovich and Oleg Deripaska.
The seven sanctioned individuals are...more
The international sanctions targeting the Russian Federation include significant financial sanctions against Russian banks. We’re monitoring these actions and have created a summary of financial sanctions against Russian...more
The U.K.’s exit from the European Union may appear to be a fait accompli, but despite the monumental size of the Trade and Cooperation Agreement (TCA) agreed by the two sides, many details were left to be thrashed out at a...more
English M&A counsel are often heard telling their clients that breach of warranty claims will likely settle out of court. This certainly seems to have been the case in the past, and we are all aware of the paucity of binding...more
It has become something of a truism for English M&A lawyers to say that material adverse change (MAC) clauses are rarely triggered in practice. A recent English judgment in Travelport Ltd v Wex Inc [2020] EWHC 2670 (Comm)...more