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Sanctions and export controls compliance is a complex and evolving concern for companies and individuals with international interests and commercial liabilities. Outer Temple’s Business Crime and Regulation team, with specialist practitioners in international organisations law, has extensive expertise in the field of commercial sanctions and export controls. With our global footprint, members of the team have experience in navigating the sensitive commercial and public policy considerations which are often engaged in this area of law to provide pragmatic advice to our clients on multi-jurisdictional matters.
We regularly represent and advise clients on sectoral sanctions risks relating to prospective commercial transactions, helping them navigate the interaction between UN Security Council resolutions and EU and US law, the EU Blocking Regulation, and the US secondary sanctions regime, as well as the scope and effect of the Iran nuclear deal (JCPOA) and the post-Brexit statutory framework of the UK sanctions regimes.
Members of the team are often retained to advise and act for corporate entities faced with sanction and compliance investigations by governments including the Office of Financial Sanctions Institutions (“OFSI”) in the UK and the Office of Foreign Assets Control (“OFAC”) in the US. They also frequently represent corporates in substantive challenges against US, EU and UK designations.
The team also has broad experience in dealing with licensing authorities and government agencies in the UK and overseas. Members of the team are often engaged to advise companies which have been affected by sanctions and exports controls on the licences required to comply with the applicable regime, so that the commercial operations which have been disrupted can begin or resume.
Outer Temple’s Business Crime and Regulation team is frequently invited to hold sanctions and export controls workshops and speak at economic compliance seminars.
Members of the team have contributed to key practitioner texts focusing on economic sanctions, including Oxford University Press’s Smith, Owen, and Bodnar on Asset Recovery – Criminal Confiscation and Civil Recovery and Lexis Nexis’s Lissack and Horlick on Bribery and Corruption.
Our work includes matters relating to:
Members of our Business Crime and Regulation team have extensive experience in sanctions and export controls work including: