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The European Union (EU) has reaffirmed its sanctions policy toward Russia by implementing two rounds of restrictive measures that are intended to further intensify pressure on Russia’s government and economy. Specifically,...more
The 16th package of European economic sanctions adopted and published in the Official Journal of the European Union (hereinafter the “EU”) on 24 February 2025 came into force on 25 February 2025. This 16th package of...more
This regular alert covers key policy and regulatory developments related to EU geopolitical risks, including in particular, economic security, Russia’s war against Ukraine, health threats, and cyber threats. It does not...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
CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates the stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more
The road to electrified mobility has been a tumultuous one for automakers, battery-electric vehicle (EV) infrastructure developers, and their supporting industries. Global EV technologies and trends are evolving rapidly,...more
Twenty-seven general elections have fallen in 2024. At the time of writing, twenty have taken place, but one of the most impactful and momentous polling days – the US Presidential Election – is still to come....more
On 31 July 2024, the UK government broadened its Russian sanctions regime, giving the government express power to impose sanctions on persons who provide financial services, or make available funds, economic resources, goods...more
1. “No re-export to Russia” clauses become mandatory for certain contracts within the EU - As of March 20, 2024, so-called “no re-export to Russia” clauses have become mandatory for certain types of contracts concluded by...more
The measure also harmonizes Russia sanctions rules with allies, and intensifies penalties against Iran - The National Security Act, 2024 (Pub. L No 118-50) was enacted on April 24, 2024. In addition to the Act’s provisions...more
In 2024, an extraordinarily high number of national elections will be held across the globe, including in some of the biggest economies: the United States, United Kingdom, India, Mexico, South Africa, Indonesia, Russia – and...more
On 18 December 2023, the European Union adopted a 12th package of sanctions against Russia. The sanctions impose an asset freeze on more than 140 individuals and entities pursuant to Council Regulation (EU) 269/2014...more
Is it possible that the Russian government wants to compensate the aviation leasing companies for aircraft and engines that the government expropriated? Russia expropriated aircraft and engines of multiple U.S. leasing...more
On 7 September 2023, the European Commission (Commission) published a guidance note (the Guidance) for EU businesses on the circumvention of sanctions. The Guidance outlines the essential components for a company’s compliance...more
The new sanctions focus particularly on preventing the circumvention of EU sanctions rules through the jurisdictions of third countries. The EU has published lists of dual-use goods and advanced technology items (so-called...more
Charles Goldblatt, litigation associate at Conyers in the British Virgin Islands, takes a close look at how local judges are addressing sanctions against Russian entities. Since Russia's military incursion in Ukraine...more
An old adage says that the only things in life that are certain are death and taxes. We think regulatory changes can surely be added to that list. A number of regulatory updates will affect Bermuda entities this year, and we...more
Since Russia’s military incursion in Ukraine began on 24 February 2022, the UK has introduced an extensive package of economic sanctions against Russia. By the end of August 2022, over 1,270 persons had been designated and by...more
On 16 December 2022, the European Union (EU) adopted a ninth package of sanctions against Russia. These impose an asset freeze on almost 200 additional individuals and entities pursuant to Council Regulation No. 269/20141...more
On 15 December 2022 the United Kingdom announced its latest expansion of sanctions against Russia. New prohibitions were added relating to trust services, and professional and business services, and existing restrictions...more
On March 25, 2022, President Biden announced the creation of a joint task force with the European Union ("EU") to increase natural gas imports to reduce Europe's dependence on Russian energy. President Biden agreed that the...more
Regulation 2022/328 was adopted by the European Union (EU) on Feb. 25, 2022, in relation to the Russia-Ukraine crisis. The Regulation took effect on Feb. 26, 2022....more
The initial year of the Trump administration colored much of the political, business, and financial headlines of 2017, both in the U.S. and abroad. Key administration-related developments in 2017 included U.S. withdrawal from...more