News 24 Jun. 2021
Curtis successfully defends foreign states' procedural privileges in the UK Supreme Court
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News 23 Jun. 2021
Ibrahim Elsadig joins Curtis as Partner in Dubai
Client Alert 24 Feb. 2022
EU, UK, Japan and Australia Impose Sanctions on Russia
News 09 Aug. 2021
Curtis, Mallet-Prevost, Colt & Mosle enters into association with Chevalier Law in Singapore.
News 06 May. 2022
Curtis Advises Terna Group on the Sale of its Latin America Power Transmission Assets to CDPQ
Publications 05 May. 2022
Marie-Claire Argac, Simon Batifort, and Cyprien Mathié share highlights from “Affaires d’Etats: Practical Considerations When Defending States in International Arbitration” on Kluwer Arbitration Blog
Event 26 Apr. 2022
Claudia Frutos-Peterson Speaks at CAI Costa Rica’s 13th Congress of International Arbitration
News 21 Apr. 2022
SCOTUS Upholds U.S. Colonialism under the U.S. Constitution
Client Alert 23 Mar. 2022
The Dubai International Arbitration Centre (DIAC) has launched the DIAC Arbitration Rules 2022
Event 22 Nov. 2021
Partner Antonia Birt spoke at ADGMAC and AIAC Webinar Series: Webinar 5 - Disputes in Fintech and Complex Technology in MESEA
News 19 May. 2022
Eliot Lauer’s and Juan Perla’s Tenth Circuit Arguments Featured on Audio Arguendo Podcast
News 16 May. 2022
Curtis Files SCOTUS Amicus Brief for Ohio Justice & Policy Center in Prisoners’ Rights Case
Client Alert 21 Apr. 2022
New Laws Targeting Assets of Russian Oligarchs: The U.S. Announces Task Force KleptoCapture and the Kleptocracy Asset Recovery Rewards Program
Client Alert 19 Apr. 2022
U.S. President Biden Expands Export Controls Imposed on Russia and Belarus
Client Alert 24 Jun. 2021
Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021) — U.S. Insight
Update on Virtual Witnessing (New York Executive Order 202.14) During The COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021) — U.S. Insight
Client Alert 14 Mar. 2022
THE FULL ALERT IS AVAILABLE FOR DOWNLOAD WITH FOOTNOTES HERE.
On March 11, 2022, U.S. President Biden signed an executive order Prohibiting Certain Imports, Exports, and New Investment with Respect to Continued Russian Federation Aggression. The order authorizes the Secretary of the Treasury, in consultation with the Secretary of State, to prohibit new investment by a U.S. person in any sector of the Russian Federation economy. Executive Order 14066 of March 8, 2022 previously prohibited new investment in the Russian energy sector.
In addition, the order prohibits:
i. The importation into the U.S. of certain products of Russian Federation origin. The order lists fish, seafood, and preparations thereof; alcoholic beverages; and non-industrial diamonds. Import of these items pursuant to pre-existing written contracts or written agreements is authorized through 12:01 a.m. eastern daylight time, March 25, 2022.
Any other products of Russian Federation origin may be import-banned by a determination of the Secretary of the Treasury, in consultation with the Secretary of State and the Secretary of Commerce.
The U.S. Department of the Treasury’s Office of Foreign Assets Control defines “Russian Federation origin” as “goods produced, manufactured, extracted, or processed in the Russian Federation, excluding any Russian Federation origin good that has been incorporated or substantially transformed into a foreign-made product.”
ii. The exportation, reexportation, sale, or supply, directly or indirectly, from the U.S., or by a U.S. person, of luxury goods, to any person located in the Russian Federation. Any other items may be export-banned by a determination of the Secretary of Commerce, in consultation with the Secretary of State and the Secretary of the Treasury.
The U.S. Department of Commerce, Bureau of Industry and Security (BIS) has published a list of luxury goods subject to the export ban in Supplement No. 5 to Export Administration Regulations part 746.
iii. The exportation, reexportation, sale, or supply, directly or indirectly, from the U.S., or by a U.S. person, of U.S. dollar-denominated banknotes to the Government of the Russian Federation or any person located in the Russian Federation.
Certain transactions relating to transfer of U.S. dollar-denominated banknotes for noncommercial, personal remittances from the United States (or by a U.S. person) to an individual located in the Russian Federation or from a U.S. person who is an individual located in the Russian Federation are authorized. However, U.S. financial institutions are not authorized to process transactions for the provision of U.S. dollar-denominated banknotes to foreign financial institutions for further distribution or supply to any person located in the Russian Federation.
iv. Any approval, financing, facilitation, or guarantee by a U.S. person of a transaction by a foreign person where the transaction by that foreign person would be prohibited by (i) or (iii) above if performed by a U.S. person or within the United States.
Individuals who are U.S. persons located in the Russian Federation are authorized to engage in transactions ordinarily incident and necessary to their personal maintenance within the Russian Federation.
The Biden administration continues to intensify the sanctions imposed on the Russian Federation. Curtis’s Sanctions and Export Controls practice group is monitoring developments.
Attorney advertising. The material contained in this Client Alert is only a general review of the subjects covered and does not constitute legal advice. No legal or business decision should be based on its contents.
Economic Sanctions
International Trade
Jacques Semmelman
Partner
Jason D. Wright
Ana Amador
Associate
Marwa Farag
Lorena Guzmán-Díaz
John Taishu Pitt
Trade Analyst
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News 10 May. 2022
Juan Perla’s Argument in D.C. Circuit Featured on Audio Arguendo Podcast
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