Trade Compliance and Sanctions
Our Trade Compliance & Sanctions Team provides assistance to businesses in all sectors, helping them identify and manage sanctions risks, implement sanctions compliance programs and liaise with relevant authorities.
We offer a multijurisdictional advisory service to assess a company's collective sanctions risks from the perspective of US, UK, UN, EU and Norwegian sanctions. We understand that the legal framework on sanctions and export controls is highly complex and rapidly changing. Many different sanctions regimes and several potentially relevant sanctions authorities must be considered by businesses with international operations. Non-compliance with relevant sanctions and export control regimes can have serious consequences.
Our team provides a combination of broad sector and legal expertise, as well as practical experience from roles as in-house counsel and with public authorities, to provide practical advice on how to identify and mitigate sanctions risks.
Our lawyers have practical and comprehensive experience that position us to help our clients navigate the most challenging issues within trade compliance. We provide advice to companies of all sizes, in a number of jurisdictions and across a range of sectors, supporting them in the identification and management of risks relating to trade compliance and sanctions.
We offer
- Comprehensive advice on all matters relating to sanctions and trade compliance
- Multijurisdictional advice – a one-stop-shop for assessing sanctions risks covering US, UK, EU, UN and Norwegian sanctions
- Shipping and sanctions specialists with experience of identifying and handling sanctions risks specific to the shipping sector
- Tailormade services for monitoring new developments and updating on relevant sanctions developments
- Advising on sanctions risk exposure and risk mitigating measures
- Enhanced sanctions screening of counterparties
- Conducting company-wide sanctions risk assessments to identify risks and key controls
- Designing and tailoring sanctions compliance programs
- Performing gap-analyses of existing sanctions compliance programs against best practises
- Providing training on sanctions and export control legislation
- Assisting with license applications and requests for guidance from sanctions authorities
- Investigating potential violations of sanctions
- Liaising with relevant sanctions authorities in connection with potential enforcement cases
- Drafting sanction clauses and providing contractual mitigation
- Handling sanctions-related disputes
- Conducting and responding to due diligence or sanctions risk assessments in M&A activities
- Providing assistance in civil or criminal proceedings relating to (actual or potential) sanctions violations
Sanctions Alerts
We also issue WR Sanctions Alerts, in which we provide updates on material developments in sanctions regimes implemented by the US, UK, UN, EU and Norway.
See our other Compliance areas
Compliance Update
In our Compliance Update we provide our readers with information and updates on current topics in ethics, compliance and crisis management. Enjoyable reading!
Read our articles on Trade Compliance and Sanctions
Recent developments, including new US sanctions restricting imports of aluminium, copper and nickel and wind-down of General License on Venezuela
In this sanctions alert we seek to summarise recent developments relating to Norwegian, EU, UK and US sanctions, including US and UK prohibitions on import of certain Russian-origin metals, wind-down of transactions related to oil and gas sector operations in Venezuela, EU's minimum rules for prosecution of and penalties for violating EU sanctions, and the implementation of the EU's 12th and 13th package of sanctions against Russia into the Norwegian Ukraine Regulation.
Sanctions issued following the two-year anniversary of the invasion
In this sanctions alert, we include updates on recent developments following the two-year anniversary of the Russian invasion of Ukraine.
The Crackdown on Price Cap Evasion and the BIMCO Russian Oil Price Cap Scheme Clause for Charter Parties
The BIMCO Russian Oil Price Cap Scheme Clause was long-anticipated when it was published on 2 June 2023. There has since been growing concern that the original Price Cap Measures were easy to circumvent, and in this article we examine the impact of the latest measures to combat such evasion.
