Page 2 - Blocking Regulation News Today

The different approach that EU and US policymakers have taken on sanctions on Iran can cause difficulties for EU operators, particularly those that have economic interests in the US.

On December 21, 2021, the Court of Justice of the European Union (CJEU), sitting as a "Grand Chamber" (a formation used, among others, in particularly complex or important cases)...

The Court of Justice of the EU has interpreted for the first time the Blocking Regulation. The ruling confirms that it is possible to terminate contracts with a US designated person...

Switzerland is often referred to as the "high price island" of Europe. Why? Because many consumer products and services are significantly more…

The EU Blocking Regulation (the "Regulation") prohibits compliance by EU persons with certain U.S. sanctions against Cuba and Iran. It particularly affects EU business since it was updated in 2018 when the ...

Court of Justice of the European Union sets Binding Rules on the Contractual Impact of the EU Blocking Regulation The EU Blocking Regulation (the “Regulation”)1...

1. Getting Europe ready for the digital age: updates to the proposed Digital Services Act The dynamic double-team is arriving! In December 2020, the European Commission published two headline proposed pieces of legislation designed to implement the EU’s digital strategy. Together, the Digital Services Act ( DSA) and Digital Markets Act (see more details below) are intended to create a safer digital space and to establish a level playing field to foster innovation and growth both in the EU an...

On January 9, 2021, China’s Ministry of Commerce (“ MOFCOM”) issued its first order of the year, the Rules on Counteracting Unjustified Extra-Territorial Application of Foreign Legislation and Other Measures (the “ Rules”), which are immediately effective as of the date of promulgation. These Rules are aimed to counteract the effects of US secondary sanctions, and parallels are inevitably being made with the EUs Blocking Statute 1. This article will point out the five aspects to know ...

To continuously provide those financial services also governments could protect exports and investments in iran something that the german government for example has promised to continue to do what the european union of course cannot do is prevent the american government from imposing fines against companies that do not follow the sanctions and even though the european unions blocking regulation is talking about the possibility of compensation for damages that european companies might face in cas...

Lets bring in our financial correspondent of booze and whos done a front for comma what can the e.u. actually do to help european companies. well first of all the european union can make sure the channels for financial transactions remain open and if this doesnt work with corporate banks then state owned banks could be forced to provide those services in the future then the german government has confirmed that the export guarantees and investment guarantees for iran stay in place that is that pa...