Upcoming Webinar

Upcoming Webinar

FREE! The Blocking Statute: Protecting E.U. Companies From the Effects of Extra-Territorial Application of U.S. Sanctions Against Iran

FREE! The Blocking Statute: Protecting E.U. Companies From the Effects of Extra-Territorial Application of U.S. Sanctions Against Iran

Date: Thursday, November 15, 2018

Time: 10:00 AM – 11:15 AM EST | 03:00 PM – 04:15 PM London
04:00 PM – 05:15 PM Amsterdam

Eventbrite - Protecting EU Companies From the Effects of Extra-Territorial Application of U.S. Sanctions Against Iran

On May 8, 2018, President Trump announced that the U.S. would be withdrawing from the Iran nuclear deal. Following this decision, E.U. leaders agreed to activate the so-called Blocking Regulation, which bans European companies, under threat of punishment, from complying with U.S. sanctions against Iran.

This discrepancy between U.S. and E.U. regimes severely complicate matters for financial institutions and companies looking to comply with sanctions against Iran. Furthermore, there is little to no guidance on this from the regulators.

In this SanctionsAlert.com webinar, our expert speakers will discuss the vital elements of the E.U. Blocking Statute as well as how to best deal with the discrepancy between E.U. and U.S. rules in order to stay compliant.

You will learn:

  • The history of the E.U.Blocking Statute;
  • What the amendment to the Annex of the Blocking Statute means in practice (de facto perspective) as opposed to what it means in law (de jure perspective);
  • The clawback provision of the Blocking Statute;
  • The catch-22 companies can find themselves in as a result of the renewed US sanctions and the Blocking Statute; and
  • The extent to which the Blocking Statute is a political statement as opposed to an effective tool which E.U. companies can rely on.

Duration:

75 minutes

Moderator:

Anna Sayre, Legal Content Writer, SanctionsAlert.com

Eventbrite - Protecting EU Companies From the Effects of Extra-Territorial Application of U.S. Sanctions Against Iran

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Certificate of Attendance

If you participate in the live webinar, you will receive a Certificate of Attendance, which you can use to show you meet your government-required training duties.

Alina Nedea
Deputy Head of Restrictive Measures Unit
Service of Foreign Policy Instruments
European Commission

Having specialised in EU law, Alina currently deals with a wide range of EU sanctions issues, from their shaping, negotiation and adoption, to their practical implementation and potential lifting, as well as and their relationship with UN sanctions.

Alina’s portfolio includes several geographical EU sanctions regimes, as well as thematic ones such as terrorism and chemical weapons, but she also monitors horizontal projects like the humanitarian impact of sanctions. In recent months, she has been closely involved in the so-called “revival” of the Blocking Statute, including its adoption, and is coordinating the team in charge of monitoring its application at EU and national level.

In her previous life, Alina was a lawyer in a leading Spanish law firm, advising and representing clients in competition law disputes and administrative proceedings before national and EU authorities, and teaching EU law in Spain and Germany. She is still a member of the Barcelona Bar Association and continues to cooperate with academia in Belgium.

Alex Haines
UK Barrister
Outer Temple Chambers

Alex Haines specialises in the sanctions regimes of International Financial Institutions (IFIs) and Multilateral Development Banks (MDBs), and the institutional law of international organisations more generally. He regularly appears and litigates before international tribunals and bodies around the world, including Washington DC, New York City, London, Geneva and Manila. The cases he has been instructed in have involved more than 25 international organisations, including the World Bank Group, the European Investment Bank, the Asian Development Bank, the African Development Bank, the United Nations, the World Food Programme and the North Atlantic Treaty Organisation.

Alex has lectured on the sanctions proceedings of MDBs to the Brazilian Bar Association (Rio, 2014), the British Chamber of Commerce (Hong Kong, 2015), the Korean Bar Association (Seoul, 2016), the Shanghai Bar Association (Shanghai, 2016), the universities of Paris I, Pantheon-Sorbonne and Paris II, Pantheon-Assas (Paris, 2016), and he was a panellist at the 35th International Symposium on Economic Crime at Jesus College (University of Cambridge, 2017). His work on sanctions has continued through his efforts with Transparency International’s Suspension and Debarment Taskforce and Oxford International Organisations, a new Oxford University Press database.

He was called to the UK Bar in 2007 and passed the NY Bar in 2018. He is currently co-drafting a chapter on UK, UN and EU Sanctions for Smith, Owen, and Bodnar on Asset Recovery.