Iris Karaman

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Articles

New Enforcement Powers for UK Trade Sanctions Regulators | JD Supra

Sep 25, 2024 | jdsupra.com | Steven A. Farmer |Iris Karaman

[co-author: Julia Kotamäki]On September 12, 2024, the UK government published the Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024 (the “Regulations”), granting the UK’s trade sanctions enforcement body, the Office of Trade Sanctions Implementation (OTSI), new implementation and enforcement powers effective from 10 October 2024.
Shifting Strategies: EU vs US Sanctions Jurisdictions

Sep 8, 2024 | europeanfinancialreview.com | Matthew Rabinowitz |Steven Farmer |Matthew Oresman |Iris Karaman

By Matthew Rabinowitz, Steven Farmer, Matthew Oresman, and Iris KaramanInternational sanctions have long been a geopolitical battleground, with the US and EU historically adopting somewhat divergent approaches. The US is known for its assertive extra-territorial secondary sanctions, compelling foreign entities to comply or risk exclusion from its market. In contrast, the EU has traditionally resisted such measures, adhering to a more restrained approach.
EU’s 14th Package of Sanctions on Russia | JD Supra

Jul 10, 2024 | jdsupra.com | Mark Booth |Steven A. Farmer |Iris Karaman

On 24 June 2024, the EU adopted its 14th package of sanctions against Russia. The latest measures include: The designation of 116 additional individuals and entities across a number of industries for their responsibility in undermining Ukraine’s territorial integrity, sovereignty, and independence. A limited ban on contracts with Russian state energy companies and additional support for countries with energy needs to curb reliance on Russia.
EU’s 14th Package of Sanctions on Russia

Jul 8, 2024 | globaltradeandsanctionslaw.com | Steven A. Farmer |Mark Booth |Iris Karaman

On 24 June 2024, the EU adopted its 14th package of sanctions against Russia. The latest measures include:The designation of 116 additional individuals and entities across a number of industries for their responsibility in undermining Ukraine’s territorial integrity, sovereignty, and independence. A limited ban on contracts with Russian state energy companies and additional support for countries with energy needs to curb reliance on Russia.
OPINION: Navigating the legal risks of greenwashing in aviation

Jul 4, 2024 | airlinergs.com | Iris Karaman |Kate Chan |William Hallowell

Greenwashing, the practice of making misleading claims about the environmental benefits of a product or service, has become a significant legal risk in the aviation sector. Airlines, airports, aircraft lessors and manufacturers are under scrutiny for potentially making misleading claims about sustainability, which could lead to litigation and enforcement action.
New UK and EU Sanctions Introduced Against Russia | JD Supra

Jan 4, 2024 | jdsupra.com | Mark Booth |Steven A. Farmer |Iris Karaman

The United Kingdom (“UK”) introduced new sanctions against Russia on December 14, 2023 with the European Union (“EU”) also adopting its 12th package of sanctions against Russia on December 18, 2023. The latest UK restrictions include: Import and related restrictions on further categories of iron and steel goods, as well a wide range of additional metals such as aluminium. New import and related restrictions on Russian diamonds or diamond jewellery.
New UK and EU Sanctions introduced against Russia

Jan 2, 2024 | globaltradeandsanctionslaw.com | Steven A. Farmer |Mark Booth |Iris Karaman |Luke Wochensky

The United Kingdom (“UK”) introduced new sanctions against Russia on December 14, 2023 with the European Union (“EU”) also adopting its 12th package of sanctions against Russia on December 18, 2023. The latest UK restrictions include:Import and related restrictions on further categories of iron and steel goods, as well a wide range of additional metals such as aluminium. New import and related restrictions on Russian diamonds or diamond jewellery.
Is the EU’s new tool against sanctions evasion unusable?

Sep 8, 2023 | euractiv.com | Iris Karaman |Steven Farmer

By establishing new punishments for countries helping Russia evade sanctions, the EU may have created a rod for its own back, write Steven Farmer and Iris Karaman. Steven Farmer is a Partner and Iris Karaman is an Associate at the international law firm Pillsbury. Sanctions regulators throughout the EU have had a busy year and a half.
The New EU Foreign Subsidies Regulation: Overview And Practical Impact For Companies

Jun 23, 2023 | mondaq.com | James Campbell |Steven A. Farmer |Iris Karaman

The EU Foreign Subsidies Regulation ("FSR") entered into force on 12 January 2023 and will start to apply from 12 July 2023. Under the FSR, the European Commission ("Commission") will have powers to intervene against distortions to competition in the EU internal market caused by companies active in the EU that benefit from foreign subsidies.
New EU Deforestation Regulation: Overview And Key Considerations For Companies

May 30, 2023 | mondaq.com | Steven A. Farmer |Iris Karaman |Sarah Browne

The European Union has adopted the new EU Deforestation Regulation, whereby applicable companies must implement a rigorous due diligence process to ensure that certain products and commodities sold in or out of the EU are not the result of, or have led to, deforestation or forest degradation.