The EU has published its eighth package of measures and the UK has published a number of new regulations to implement previously announced measures. Split across four regulations, the EU’s eighth package: Introduces new...more
In the final few days of September, the U.S. and global allies issued a number of sanctions and export controls against actors who have supported Russia’s referendums in Ukraine and related attempts to annex four Ukrainian...more
EU update - On July 21, 2022, the EU published its “maintenance and alignment” package of sanctions. This latest package seeks to tighten existing sanctions, perfect their implementation, and strengthen their effectiveness. ...more
EU introduces a sixth package of sanctions On 3 June 2022, the EU adopted a sixth package of sanctions against Russia which includes economic, individual, media and diplomatic measures....more
EU introduces a fifth package of measures - New asset freezes - On 8 April 2022, the EU published a fifth round of measures against Russia and Belarus. Spread across four regulations, the new measures include additional...more
UK DEVELOPMENTS - Further designations - On 10 March 2022, the UK Government added a further seven oligarchs to its list of sanctions targets, including the owner of Chelsea football club, Roman Abramovich. ...more
Overseas investors are welcome in the UK. Save as set out below, there are no specific laws prohibiting foreign investment in the UK nor are there any business requirements for UK participation in the ownership or management...more
3/9/2022
/ Capital Gains ,
Certificates of Incorporation ,
Corporate Taxes ,
Excise Tax ,
Financing ,
Loans ,
Profits ,
Shareholders ,
Startups ,
UK ,
UK Brexit ,
UK GDPR ,
Value-Added Tax (VAT)
The EU and UK have imposed additional export controls and sanctions with respect to Russia and Belarus connected to the Russian invasion of Ukraine. Below is a summary of key developments over recent days since our last blog...more
3/3/2022
/ Airspace ,
Asset Freeze ,
Belarus ,
Belarus Sanctions ,
Economic Sanctions ,
Export Controls ,
Foreign Relations ,
Proposed Legislation ,
Russia ,
UK ,
Ukraine
As the Russian invasion of Ukraine continues, the global pressure on the Putin regime intensifies with the EU issuing additional sanctions and export controls on Friday evening (February 25). The legislation implementing the...more
3/1/2022
/ Asset Freeze ,
Blocked Person ,
Economic Sanctions ,
EU ,
Export Controls ,
Exports ,
Financial Institutions ,
Foreign Policy ,
General Licenses ,
Office of Financial Sanctions Implementation (OFSI) ,
Russia ,
UK ,
Ukraine
The EU and UK have imposed further sanctions in response to the invasion of Ukraine and the recognition by Russia of the Donetsk and Luhansk People’s Republics (“DNR” and “LNR”) of Ukraine as independent territories....more
Despite months of posturing and growing geopolitical tensions, Russia’s full-scale invasion of Ukraine this week was a shock to the global community. Western leaders have been swift and unanimous in their response, condemning...more
2/28/2022
/ Anti-Money Laundering ,
Asset Freeze ,
Biden Administration ,
Bureau of Industry and Security (BIS) ,
ECCNs ,
Economic Sanctions ,
EU ,
Executive Orders ,
Export Administration Regulations (EAR) ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
UK ,
Ukraine
Initial Global Sanctions on Russia in Response to Events in Eastern Ukraine - In response to President Putin’s televised recognition of Donetsk and Luhansk People’s Republics (“DNR” and “LNR”) of Ukraine as “independent”...more
From February 21, 2022, the format of the UK Sanctions List and the UK Office of Financial Sanctions Implementation (OFSI) consolidated list will be different. Businesses must take steps to ensure their systems and processes...more
The guidance outlines how organisations should approach international transfers and confirms examples of supplemental measures that can be adopted to ensure ongoing compliance and seeking to de-mystify earlier...more
6/30/2021
/ Binding Corporate Rules ,
Corporate Counsel ,
EU-US Privacy Shield ,
European Court of Justice (ECJ) ,
European Data Protection Board (EDPB) ,
FISA ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
New Guidance ,
Personal Data ,
Schrems I & Schrems II ,
Standard Contractual Clauses ,
UK ,
UK GDPR
On April 26, 2021, the UK announced a new global anti-corruption sanctions regime and has imposed sanctions on 22 people whom the UK Government has reasonable grounds to suspect have been involved in serious corruption. Under...more
U.S., UK and EU authorities continue to expand sanctions targeting the Tatmadaw, Myanmar’s armed forces, following the February 17, 2021, military coup in Myanmar (also known as Burma). Over the past month, the United States...more
Following the UK’s withdrawal from the EU, effective 11 pm UK time on 31 December 2020, the UK (with the exception of Northern Ireland in some cases) no longer automatically implements EU laws.
This has brought about...more
Just one day before New Year’s Eve, EU Commission President Ursula von der Leyen, EU Council President Charles Michel and UK Prime Minister Boris Johnson finally signed the EU-UK Trade and Cooperation Agreement.
Effective as...more
1/4/2021
/ Corporate Counsel ,
Data Collection ,
Dispute Resolution ,
Energy Sector ,
EU ,
Exports ,
Financial Services Industry ,
Free Trade Agreements ,
General Data Protection Regulation (GDPR) ,
Imports ,
Paris Agreement ,
Personal Data ,
Popular ,
Tariffs ,
UK ,
UK Brexit
The EDPB has issued recommendations concerning how organisations may lawfully transfer personal data from Europe to “third countries” (e.g., the U.S. and currently the UK from 1.1.2021) in light of the recent Schrems II...more
11/25/2020
/ EU-US Privacy Shield ,
European Commission ,
European Court of Justice (ECJ) ,
European Data Protection Board (EDPB) ,
European Economic Area (EEA) ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Legal Systems ,
New Guidance ,
Schrems I & Schrems II ,
Standard Contractual Clauses ,
UK
As we’ve discussed previously, in 2018, the UK enacted the Sanctions and Anti-Money Laundering Act (the Act), allowing it to impose its own post-Brexit autonomous sanctions regime. On July 6, 2020, the UK imposed its first...more
UK Supreme Court ruled this week in favour of retailer facing vicarious liability class action claims following significant data breach caused by rogue employee. The case is a stark reminder of the responsibilities of...more
This guide has been compiled to give an overview of the rudimentary legal aspects that should be considered by anyone thinking of establishing a business in the UK. It is aimed at businesses that may already be established in...more
1/27/2020
/ Board of Directors ,
Business Assets ,
Business Development ,
Business Entities ,
Business Formation ,
Capital Formation ,
Capital Gains ,
Corporate Governance ,
Data Breach ,
Data Processors ,
Data Protection ,
Debt Collection ,
Employer Liability Issues ,
Employment Tax ,
Foreign Workers ,
General Data Protection Regulation (GDPR) ,
Insolvency ,
Intellectual Property Protection ,
International Data Transfers ,
Libor ,
Personal Data ,
Privacy Laws ,
Real Estate Transactions ,
Shareholders ,
Startups ,
UK ,
UK Brexit ,
Value-Added Tax (VAT)
This guide has been compiled to give an overview of the rudimentary legal aspects that should be considered by anyone thinking of establishing a business in the UK. It is aimed at businesses that may already be established in...more
12/30/2019
/ Board of Directors ,
Business Assets ,
Business Formation ,
Capital Formation ,
Choice of Entity ,
Corporate Governance ,
Data Protection ,
Insolvency ,
Intellectual Property Protection ,
Labor Code ,
UK
In the event of a “no-deal” Brexit, IP rights in the UK will be impacted. However, the UK has put in place various provisions to protect IP rights holders.
Owners of European Union (EU) trade mark registrations,...more
10/29/2019
/ Copyright ,
Corporate Counsel ,
EU ,
European Patent Office ,
European Union Trade Mark (EUTM) ,
Intellectual Property Protection ,
No-Deal Brexit ,
Patents ,
Trademark Application ,
Trademark Registration ,
Trademarks ,
UK ,
UK Brexit ,
UK Intellectual Property Office (UK IPO)
Establishing and Managing a Business in the UK”, authored by the attorneys of Pillsbury’s London office, is a concise and practical guide for foreign investors in the UK. The guide covers key concerns and topics such as...more
5/1/2019
/ Commercial Leases ,
Commercial Real Estate Contracts ,
Corporate Financing ,
Corporate Governance ,
Data Protection ,
Debt Collection ,
Equity Financing ,
Insolvency ,
Intellectual Property Protection ,
Registration Requirement ,
UK ,
UK Brexit