Russia

Haas Automation to Pay USD 2.5 Million after BIS, OFAC Coordinated Enforcement Effort

US Takes Sweeping Action against Russian Banking System

Seeking to further eliminate options for Russia’s use of the international financial system, the US Treasury’s Office of

Pakistan Looks to Deepen Trade & Energy Ties with Russia

Seeking to capitalize on recent meetings with high level officials of Russia and following a July 2024 session of the

Celestial Aviation Services Ltd. v. UniCredit Bank GmbH, London Branch [2024]

English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.

US Attorney Informed of Pending Motion Regarding International Sanctions

Upon request of its customer, Lummus Technology Heat Transfer B.V., Credit Agricole Corporate & Investment Bank issued a letter

EU Adopts New Round of Sanctions Directed at Russia

On 24 June 2024, the European Union adopted its 14th round of sanctions (EU Regulation 2024/1745), amending EU Regulation

Singapore Cracks Down: CEO Denied Visa Amid Sanctions Violations

Singapore’s Ministry of Manpower denied a work visa to Philip Adkins, CEO of Red Box Energy Services, in June

English Court Reverses Celestial; UniCredit Right to Refuse Payment

In a high profile case involving standby letters of credit issued in connection with aircraft leases to Russian airlines and

Court Rules Ukraine, Not England, Right Venue for Aircraft Disputes

England and Wales’ High Court of Justice has determined that legal proceedings between aircraft leasing companies and insurers over aircraft