Existing contracts must be amended no later than December 31, 2019.
Parties to certain older German profit and loss transfer agreements ("PLTA"), take note. According to the German Federal Ministry of Finance's ("BMF")...more
Retaliatory Sanctions -
On June 4, 2018, Russian President Putin signed the Federal Law "On Measures to Counter Unfriendly Actions of the United States of America and/or Other Foreign States" after it was overwhelmingly...more
6/7/2018
/ Criminal Code ,
Criminal Liability ,
Economic Sanctions ,
Exports ,
Financial Institutions ,
Foreign Trade Regulations ,
Goods or Services ,
Imports ,
National Security ,
New Legislation ,
Russia ,
Vladimir Putin
The Situation: The Duma, the Russian parliament's lower chamber, has introduced a Draft Law that, if enacted, imposes criminal liability for compliance with U.S. and other foreign sanctions against Russian parties.
The...more
On April 13, 2018, the Duma (lower chamber of the Russian parliament) introduced a draft law "On Measures to Counter Unfriendly Actions of the United States of America and/or Other Foreign States" ("Draft Law") in response to...more
The Situation: The Trump Administration has imposed sanctions against a number of high-profile Russian individuals and entities by adding them to the Specially Designated Nationals and Blocked Persons ("SDN") List.
The...more
4/12/2018
/ Blocked Person ,
CAATSA ,
Economic Sanctions ,
Executive Orders ,
Financial Institutions ,
General Licenses ,
Government Officials ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
State-Owned Enterprises ,
Trump Administration ,
U.S. Treasury