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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
Contacts

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.

Read our Sanctions Alerts here

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 latest Compliance Update here

Awards
2023
Tier 1 – Regulatory, Compliance and Investigations
Legal 500
2023
Band 1 – Corporate Compliance & Investigations
Chambers and Partners

Read our articles on Trade Compliance and Sanctions

15/02/2024

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.

15/02/2024

Expansion of the UK’s corporate criminal liability regime

The UK Economic Crime and Corporate Transparency Act 2023 (“the ECCTA”) was formally approved on 26 October 2023. Among the most significant reforms introduced by the ECCTA are the establishment of ‘failure to prevent fraud’ as a new UK corporate criminal offence, and a reform of the UK identification doctrine expanding the extent of corporate criminal liability for economic crimes. In this article, we highlight the details of these two key aspects of the Act, and explain how they will affect Norwegian companies with operations or subsidiaries in the UK.

15/02/2024

Enforcing an award ­contrary to sanctions, an issue of ’public policy’?

The past few years have illustrated with a vast intensity the relevance of international sanctions for an ever expanding number of businesses and sectors. This backdrop has also led to a significant increase in sanctions related disputes, which in turn has led to discussions regarding enforcement of arbitral awards that contravene applicable sanctions.

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