In the second quarter of 2025, EU and UK sanctions policy continued to take shape against a complex and shifting geopolitical backdrop. The European Union sharpened its focus on Russia’s ‘shadow fleet’ by proposing new...more
What’s New? The European Union and the United Kingdom remain committed “to keep up the pressure on the Kremlin” by way of imposing further sanctions as Russia’s illegal invasion of Ukraine enters the fourth year. Within a...more
2/28/2025
/ Belarus ,
Compliance ,
Economic Sanctions ,
EU ,
European Commission ,
Export Controls ,
Reporting Requirements ,
Russia ,
Sanctions ,
Syria ,
UK
In this alert, we present the key lessons to be learned from the U.S. Securities and Exchange Commission’s (the SEC) settlement with Sound Point Capital Management, LP (Sound Point), and discuss whether a similar enforcement...more
2/13/2025
/ Collateralized Loan Obligations ,
Compliance ,
Enforcement Actions ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Financial Conduct Authority (FCA) ,
Fund Managers ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Lenders ,
Market Abuse ,
Material Nonpublic Information ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Settlement ,
UK
On December 4, 2024, EU Regulation 2024/2987 (EMIR 3), amending EU Regulation 648/2012 on the European Market Infrastructure (EMIR), was published in the EU Official Journal. EMIR 3 will enter into force on December 24, 2024,...more
With the introduction of the 14th sanctions package, entities established in the European Union are required to ‘undertake their best efforts to ensure’ that non-EU subsidiaries they own or control do not undermine EU...more
12/2/2024
/ Belarus ,
Corporate Governance ,
Economic Sanctions ,
EU ,
Investment ,
Investment Funds ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Russia ,
Sanctions
Although the European Union and the United Kingdom did not introduce new sanctions against Russia over the summer, they extensively focused on the implementation of the existing measures and their enforcement. This week,...more
10/8/2024
/ Court of Justice of the European Union (CJEU) ,
Due Diligence ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
European Commission ,
Evasion ,
Frozen Assets ,
Licensing Rules ,
Penalties ,
Reporting Requirements ,
Russia ,
Sanction Violations ,
UK ,
Ukraine
On September 30, 2024, the revised Schedule 13G filing deadlines became effective. In this article, we provide an overview of the new regime and provide a comparison with the corresponding notification deadlines in the EU and...more
10/2/2024
/ Beneficial Owner ,
EU ,
Filing Deadlines ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Schedule 13G ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Regulation ,
UK
On June 24, 2024, the European Union adopted its 14th sanctions package (implemented by EU Regulations 2024/1745 and 2024/1739). While the focus of this package was to curb the violation and circumvention of sanctions through...more
7/8/2024
/ Asset Freeze ,
Divestment ,
Energy Sector ,
Enforcement ,
EU ,
Exports ,
Financial Services Industry ,
Russia ,
Sanctions ,
Transportation Industry ,
UK ,
Ukraine
From June 20, 2024, EU companies with a presence in Russia will no longer be able to rely on the “partner countries” exemption and will be required to obtain, or rely on, a licence to provide business services and/or software...more
6/7/2024
/ Economic Sanctions ,
EU ,
France ,
General Licenses ,
Germany ,
Italy ,
Member State ,
Russia ,
Sanctions ,
Technology Sector ,
UK ,
Ukraine
The following is a brief update on significant changes to the United Kingdom’s securitisation framework following publication of the final revised securitisation rules by the Financial Conduct Authority (FCA) and the...more
The European Union and the United Kingdom continue to tighten sanctions against Russia, particularly in the wake of the second anniversary of Russia’s invasion of Ukraine and the sudden death of Russian opposition leader...more
4/8/2024
/ Asset Freeze ,
Economic Sanctions ,
EU ,
Foreign Policy ,
Imports ,
International Trade ,
Popular ,
Russia ,
Sanctions ,
UK ,
Ukraine
By 31 January 2024, as part of the Carbon Border Adjustment Mechanism, importers of cement, iron and steel, aluminium, fertilisers and hydrogen must report to the European Commission the embedded carbon emissions relating to...more