Sophie Davis

May 30, 2023 | jdsupra.com | Jonathan Benson |Philip Carstairs |Sophie Davis

One of the many legal consequences of Russia’s full-scale invasion of Ukraine in February last year was that businesses were faced with having to analyse the exact remit of sanctions laws and the extent to which they caught payment obligations under pre-existing arrangements, often in very short timescales and while the laws were changing. Here the High Court looks at that very question in the context of payment obligations under some letters of credit.

Apr 5, 2023 | jdsupra.com | Jonathan Benson |Sophie Davis |Matt Townsend

Updated guidance regarding the enforcement of financial sanctions from the UK’s Office of Financial Sanctions Implementation (OFSI) was published on 16 March 2023.

Mar 30, 2023 | jdsupra.com | Jonathan Benson |Sophie Davis |Matt Townsend

The UK’s Office of Financial Sanctions Implementation (OFSI) published updated guidance regarding the enforcement of financial sanctions on 16 March 2023.

Mar 2, 2023 | jdsupra.com | Jonathan Benson |Tom d'Ardenne |Sophie Davis

March 2, 2023 Jonathan Benson, Tom d'Ardenne, Sophie Davis, Dr Udo Herbert Olgemöller, Matthew Townsend Allen & Overy LLP + Follow x Following x Following - Unfollow Contact To embed, copy and paste the code into your website or blog: To mark the one-year anniversary of Russia’s full-scale invasion of Ukraine, the EU and the UK, in parallel with other G7 members, released a new round of sanctions against Russia. In this bulletin we provide a high-level overview of the latest EU and UK...

Feb 16, 2023 | jdsupra.com | Jonathan Benson |Sophie Davis |Matt Townsend

The High Court in London has issued a number of judgments in recent weeks that consider the implications of the sanctions that have been imposed on Russia in the last 12 months. In this article, we provide an overview of the key points to note in the most important of these judgments. Taken together, these judgments highlight the need for parties to consider carefully their compliance position, as well as their contractual drafting, in light of increased sanctions risks globally.