Webcast: Global Sanctions Update

March 24, 2016

​This 90 minute briefing provides an update on the extraordinary events of the last year with respect to economic and trade sanctions. The briefing will cover sanctions in the European Union and United Kingdom as well as United States sanctions, and will include particular emphasis on recent developments and emerging issues that affect in-house counsel, compliance personnel, directors and senior executives.

Topics to be Discussed:

Iran Sanctions

  • Joint Plan of Action developments
  • U.S., EU and UN actions

Other United States Developments

Cuba Sanctions

  • Continued easing of sanctions – Treasury, Commerce and State Department actions

Russia Sanctions

  • General Licenses
  • FAQs additions and updates
  • Additional designations

Burma Sanctions

  • Political landscape and further relaxation of U.S. sanctions

Legislation

  • Iran Nuclear Agreement Review Act of 2015
  • A resolution condemning the Government of Iran’s state-sponsored persecution of its Baha’i minority and its continued violation of the International Covenants on Human Rights
  • Global Magnitsky Human Rights Accountability Act

Executive Orders

  • Executive Order 13,687, “Imposing Additional Sanctions With Respect to North Korea,” 80 Fed. Reg. 819 (Jan. 6, 2015)
  • Executive Order 13,692, “Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela,” 80 Fed. Reg. 12,747 (Mar. 11, 2015)
  • Executive Order 13694, “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities,” 80 Fed. Reg. 18,077 (Apr. 2, 2015); Publication of Frequently Asked Question on malicious cyber-enabled activities-related Executive Order (Question 444)
  • Executive Order 13710, “Termination of Emergency With Respect to the Actions and Policies of Former Liberian President Charles Taylor,” 80 Fed. Reg. 71,679 (Nov. 16, 2015)
  • Executive Order 13712, “Blocking Property of Certain Persons Contributing to the Situation in Burundi,” 80 Fed. Reg. 73,633 (Nov. 22, 2015)

OFAC Regulations

General Licenses

Government Agency Guidance and FAQs

Significant Designations

Major Enforcement Actions

  • Summary of key OFAC and state enforcement actions

United Kingdom and European Union:

Regulation and Legislation

  • Updates to various EU sanctions programs

Case Law

  • General Court Rules of Procedure Concerning Secret Hearings
  • Cases Relating To Sanctions Regarding Belarus, Egypt, Iran, Syria, Ukraine and Zimbabwe

EU Enforcement Actions

  • Specific EU Member State Enforcement Actions

Additional UK Developments

  • The Office of Financial Sanctions Implementation
  • UK introduces powers to impose civil penalties and ramps up minimum sentences

Who should view this program:
In-house counsel, compliance officers, directors, senior executives, finance and audit staff, marketing executives and business development managers responsible for overseas business.

View Slides [PDF]

PANELISTS:

Judith Alison Lee — Judith Alison Lee is a partner in the Washington, D.C. office and Co-Chair of the firm’s International Trade Practice Group. Ms. Lee practices in the areas of international trade regulation, including USA Patriot Act compliance, Foreign Corrupt Practices Act, economic sanctions and embargoes, and export controls.

Ronald Kirk — Ron Kirk is Senior Of Counsel in Gibson, Dunn & Crutcher’s Dallas and Washington, D.C. offices. He is Co-Chair of the International Trade practice and is also a member of the Public Policy, Crisis Management, Mergers and Acquisitions and Private Equity practice groups.

José W. Fernandez — José W. Fernandez is a corporate partner in the New York office of Gibson, Dunn & Crutcher and Co-Chair of the Firm’s Latin America Practice Group. His practice focuses on mergers and acquisitions and finance in emerging markets in Latin America, the Middle East, Africa and Asia.

Patrick Doris — Patrick Doris is a partner in the Dispute Resolution Group of Gibson Dunn & Crutcher’s London office, where he specializes in commercial litigation, competition law, regulatory disputes and complex investigations.

Adam M. Smith — Adam Smith is Of Counsel in the Washington, D.C. office of Gibson, Dunn & Crutcher and practices in the areas of international trade, sanctions and export controls and white collar defense and investigations.

Mark Handley — Mark Handley is an English-qualified Solicitor-Advocate in the London office of Gibson, Dunn & Crutcher.  He is a member of the firm’s Dispute Resolution, International Arbitration and White Collar Defense and Investigations Groups.

Attila Borsos — Attila Borsos is an Associate Attorney based in the Brussels office of Gibson Dunn. Mr. Borsos specializes in EU Competition Law and International Trade

David Wolber — David A. Wolber is an associate in the Washington, D.C. office of Gibson, Dunn & Crutcher and a member of the Firm’s International Trade and White Collar Defense and Investigations Practice Groups.