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Upcoming Webinar

Upcoming Webinar

FREE! The Blocking Statute: Deciphering its Provisions, How to Handle the US/EU Conflict, and Actions To Date

FREE! The Blocking Statute: Deciphering its Provisions, How to Handle the US/EU Conflict, and Actions To Date

Date: Thursday, March 19, 2020

Time: 12:00 PM – 01:15 PM EST | 04:00 PM – 05:15 PM London
05:00 PM – 06:15 PM Amsterdam

On May 8, 2018, President Trump’s announced that the U.S. would be withdrawing from the Iran nuclear deal. Following this decision, E.U. leaders agreed to activate the so-called Blocking Regulation, which bans European companies, under threat of punishment, from complying with U.S. sanctions against Iran.

This discrepancy between U.S. and E.U. regimes severely complicate matters for financial institutions and companies looking to comply with Iran sanctions. Furthermore, there is little to no guidance on this point from the regulators.

In this ACSS webinar, our expert speaker will discuss the vital provisions of the E.U. Blocking Statute, how to best deal with any potential conflicts between E.U. and U.S. rules, as well as the relevant actions taken to date.

You will learn:

  • The history of the E.U. Blocking Statute;
  • What the amendment to the Annex of the Blocking Statute means in practice (de factoperspective) as opposed to what it means in law (de jure perspective);
  • The ‘clawback’ provisions of the Blocking Statute;
  • Damned if they don’t, damned if they do: the catch-22 companies can find themselves in as a result of the renewed U.S. sanctions and the Blocking Statute;
  • The extent to which the Blocking Statute is in reality a political statement as opposed to an effective tool which E.U. companies can rely on;
  • How best to deal with the apparent conflict of laws (E.U. v U.S.); and
  • An overview of the relevant E.U. case law to date.

Event Registration

Members of the Association

This webinar is included in your membership and you will be sent login details by email a day before the webinar.
If you would like to register for the webinar in advance, so that it is entered into your calendar, please click for self-registration.

Non Members of the Association

This webinar is free for all to attend. Click here to register. To learn about ACSS membership, click here or join now

Sign up today! Tell your friends, clients, customers and colleagues about it.

ACSS webinars conduct audience polls that will give you vital benchmarking data so you can measure your sanctions compliance against others.

Registered attendees can request a Certificate of Attendance to demonstrate training to auditors and regulators.

For any assistance please

Alex Haines
Barrister
Outer Temple Chambers

Alex is a UK Barrister specializing in international law, with particular expertise in the extensive field of international organisations law. His practice areas include: (i) business crime and corruption including global investigations; (ii) sanctions (as a member of the AG’s Panel, Alex advises the UK Government on sanctions issues); (iii) regulatory and disciplinary proceedings; (iv) institutional law of international organisations including their immunities and international administrative law; (v) international arbitration; and (vi) financial services inquiries.

He regularly litigates before international courts and tribunals in Washington DC, New York, London, Geneva and Luxembourg. The cases he has been instructed in have involved more than 25 IOs including the World Bank Group, UN, IMF, European Patent Office and the European Investment Bank.

Alex has advised on the sanctions regimes of the UN, EU, US and UK, as well as those of the Multilateral Development Banks (MDBs). He has lectured on IOs and their internal justice systems to a number of institutions including the British Chamber of Commerce, the Korean Bar Association, the Shanghai Bar Association, English Law Week in Mexico, the ICJ, the Council of Europe, and the universities of Exeter, City of London, Brasilia, Hong Kong, La Sorbonne, Cambridge and King’s College.

His work on sanctions has continued through his efforts with Transparency International’s Suspension and Debarment Taskforce, Oxford International Organisations as a rapporteur and he co-authored the chapter on Sanctions for Smith, Owen and Bodnar on Asset Recovery (Criminal Confiscation and Civil Recovery).

Alex is an ACSS member and contributes regularly to the ACSS Editorial Task Force.

Duration:

75 minutes

Speaker:

Alex Haines

Moderator:

Anna Sayre, Director of Content, ACSS

Are you an ACSS Member? This Webinar is included in your membership. Members do NOT need to register for this webinar to attend, but will receive complimentary log in details via email.