In the first action of its kind, earlier this week, the National Crime Agency (NCA) secured the forfeiture of sanctioned funds under the Proceeds of Crime Act. The NCA had argued that the money, worth £780,000, was held for the benefit of Russian oligarch Petr Aven despite not being in his name. The money had […]
Anna Bradshaw and Alistair Jones have contributed a chapter to Global Investigations Review‘s Guide to Sanctions, which is in its fifth edition. The guide is written by contributors from the expanding field of sanctions enforcement and dissects the topic in a practical fashion, from every stakeholder’s perspective. The chapter that Anna and Alistair wrote, ‘Representing […]
Is this a sign that we are entering a period of stronger and swifter action on sanctions breaches by law enforcement agencies? In this article for LexisNexis Corporate Crime analysis, Liam Lane discusses the key points of this case, the outcome for the National Crime Agency (NCA) and the significance of this case. He also […]
Nine months ago, the UK government announced the creation of the Office of Trade Sanctions Implementation (OTSI), a new agency to enforce trade sanctions. Last month, regulations outlining OTSI’s remit and powers were finally introduced. Part of the Department for Business and Trade, OTSI joins the ranks of other agencies already responsible for various aspects […]
On 29 August 2024, following an investigation lasting over 15 months, the Office for Financial Sanctions Implementation (OFSI) imposed a monetary penalty of £15,000 against our client, Integral Concierge Services Limited, for contravention of regulations 11(1) and 13(1) of the Russia (Sanctions) (EU Exit) Regulations 2019 (the Russia Regulations). The case involved consideration of the […]
Few words strike fear into the hearts of litigators more than reference to “the Denton principles’. These are the principles which the English court applies when considering an application for relief from sanctions. In other words, the yardstick against which petitions for leniency are measured when there has been a breach of the procedural rules. […]
On 13 June 2024, Peters & Peters’ client Mr Alexey Fisun was removed from the UK Sanctions List. Following the Russian invasion of Ukraine in February 2022, the UK government imposed sanctions on persons believed to benefit from or support the Russian government. Mr Fisun was designated by the UK in September 2022, […]
While the main purpose of Western sanctions against Russia over the past eight months is to stop Russia’s military action in Ukraine, they have also made it much more challenging to pursue and defend legal claims involving Russian entities and individuals before courts and arbitral tribunals in Europe and the United States. This webinar […]
