Event 14 Oct. 2022
Curtis Provides Capacity Training to the Government of Uganda
Event 21 Sep. 2022
Kalidou Gadio Speaks at AIEN 2022 International Energy Summit
News 15 May. 2023
Curtis represents e-commerce retailer in its fight to recover monies withheld by PayPal, the global payment giant
News 16 Dec. 2022
Curtis Trade Team is top ranked in Chambers Asia-Pacific 2023
Event 08 May. 2023
Partner Irene Petrelli to Participate in ICC YAAF Event
News 02 May. 2023
Curtis Italy with DeA Capital in the Acquisition of Magic S.r.l
Event 23 May. 2023
Partners Luciana Ricart and Fernando Tupa Will Teach a Workshop on Hearings in Investment Arbitration for Arbanza School of Arbitration’s Online Program
Publications 23 Feb. 2023
Fernando Tupa Publishes Book on Forum-Specific Consent to International Arbitration in Investment Agreements
Event 03 May. 2023
Dr. Borzu Sabahi to Speak at ICSID-ADGM Joint Conference: Investment Protection and Armed Conflict
Event 19 Mar. 2023
Sebastiano Nessi speaks at Bahrain Business and Legal Landscape Conference
Event 01 Jun. 2023
Curtis Environmental Chair Charles Howland to Moderate Panel Discussion on Latest Developments in Environmental Due Diligence at ABA Masterclass on Environmental Transactions
News 25 May. 2023
Curtis Files SCOTUS Amicus Brief for Distinguished Law Professors in First Amendment Retaliatory Arrest Case
News 06 Mar. 2023
Russia Sanctions at the First Anniversary: An Overview of Current Sanctions in the US, UK, and EU and How Global Companies Can Navigate Evolving and Conflicting Sanctions Regimes
Client Alert 30 Aug. 2022
The EU Adopts the “Maintenance and Alignment” Sanctions Package
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 08 Jun. 2022
The full alert is available for download with footnotes here.
On June 3, 2022, the European Union adopted its sixth package of sanctions against Russian and Belarus.
The sixth package contains the following measures:
Embargo on the import of crude oil (except for crude oil delivered by pipeline) and refined oil products originating or exported from Russia and prohibition to provide related services. The Regulation provides for a phase-out period for one-off or near term deliveries of petroleum oil and natural gas condensate which will be permitted for six months after the entry into force of the Regulation, and for mineral fuels and oils which will be permitted for up to eight months after the entry into force. The prohibition does not apply to the purchase, transfer or import of seaborne crude oil and petroleum products if they are only being loaded, departing from or transiting Russia, provided that the origin and owner of goods are non-Russian. By way of derogation, after the expiration of the phase-out period of six months, Bulgaria may authorize imports of seaborne crude oil from Russia under contracts pre-dating June 4, 2022. After the expiration of the phase-out period of eight months from the entry into force of the Regulation, Croatia may authorize imports of vacuum gas oil of Russian origin if no alternative supply is available.The EU restrictions do not prohibit gas imports.
EU operators will be prohibited from insuring and financing the transport through maritime routes of oil to third countries. The restrictions include ship-to-ship transfers. The prohibition does not apply to the performance until December 5, 2022 of contracts concluded before June 4, 2022.
The broadcasting activities of another three Russian State outlets – Rossiya RTR/RTR Planeta, Rossiya 24/Russia 24, and TV Centre International – have been suspended. The Russian state-controlled broadcasters are prohibited from distributing content across the EU in whatever shape or form, including satellite, internet or via smartphone apps.
The package bans advanced technology items from export to Russia as well as chemicals that can be used to manufacture chemical weapons. The list of additional chemicals represents around €663 million of EU exports to Russia (based on 2021 data). The EU has also expanded the list of natural, legal persons or entities associated with Russia’s military industrial complex in line with the U.S. actions. In the case of Belarus, the list of entities subject to restrictions has been significantly widened from 1 to 25.
The EU has added a further 65 new individuals and 18 companies to its asset freezes. The persons listed are mainly high-ranking military officers and other individuals alleged to have been involved in the actions committed in Bucha, as well as family members of those already designated. The companies listed are involved in the military sector, and manufacturing of equipment and software. Among the listed entities is National Settlement Depository, the largest securities depository in Russia by market value of equity and debt securities held in custody and the only one which has access to the international financial system.
The EU is also adding to the list of sanctioned persons 12 individuals and eight entities from Belarus.
In addition to these measures, the sixth package requires Member States to establish criminal penalties for sanctions breaches under Regulation 833/2014, allowing for the possibility to confiscate the proceeds of such breaches.In parallel with this, the Commission proposed on May 25, 2022, the measures to ensure the effective implementation of EU sanctions by way of supplementary criminal law measures.
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.
National Security Law
+32 2 313 37 31
+44 20 7710 9800
+1 202 452 7373
Article 24 May. 2023
Elisa Botero, Belén Ibañez and Sara Dangón Publish Article in Law360 on the U.N General Assembly’s Request to the ICJ for an Advisory Opinion on State Obligations on Climate Change
Event 16 May. 2023
Partner Eric Cassidy to Speak at International Practice Committee Forum on Sanctions Affecting the Global Energy Market