Wesley Lainé

Jul 25, 2024 | lexology.com | Pascal Bine |Jonathan Benson |Margot Sève |Ondrej Chvosta |Wesley Lainé |Philipp Mueller | +1 more

On 24 June 2024, the European Union (EU) adopted its 14th sanctions package directed against Russia, imposing an asset freeze against an additional 116 individuals and entities1 and expanding sectoral sanctions targeting key aspects of the Russian economy, including an investment ban on liquefied natural gas (LNG) projects under construction in Russia.2 The asset freeze restrictions and sectoral sanctions took effect on 24 June 2024.

Mar 11, 2024 | lexology.com | Pascal Bine |Margot Sève |Wesley Lainé |Philipp Mueller |Gregory Vianesi

On 23 February 2024, the European Union (EU) adopted a 13th package of sanctions against Russia, imposing asset freezes on additional individuals and entities, expanding existing sectoral sanctions and further limiting Russia’s access to military technology via entities based outside the EU.1The EU Commission (Commission) has also issued new guidance on the scope of the restrictions on software and on the so-called “no-Russia clause” for export business activities.

Jan 16, 2024 | jdsupra.com | Pascal Bine |Wesley Lainé

On 28 December 2023, the French government adopted decree number 2023-1293 (Decree), together with an administrative order of the same date (Order), that expanded the scope of covered investments and covered activities under French foreign direct investment (FDI) rules (as amended, the New Rules).1 The key aspects to note are: The scope of covered investments under French FDI rules has been extended to the acquisition of control of an unincorporated “commercial establishment” registered in...

Jan 16, 2024 | lexology.com | Pascal Bine |Wesley Lainé

The key aspects to note are:The scope of covered investments under French FDI rules has been extended to the acquisition of control of an unincorporated “commercial establishment” registered in France and owned by a foreign company.2The New Rules permanently establish the voting rights triggering threshold at 10% for investments by non-European Union and non-European Economic Area (EEA) foreign investors in French publicly-listed companies involved in covered activities.

Mar 23, 2023 | lexology.com | Pascal Bine |Wesley Lainé

The European Union (EU)’s tenth package of sanctions against Russia, adopted 25 February 2023, imposed an asset freeze against 121 individuals and entities1 and expanded the scope of sectoral sanctions.2The EU has also stressed enforcement and anti-circumvention measures recently.