Secondary Sanctions
Articles
Mexican Based-Network Used by Venezuela for Sanctions Evasion
May 9, 2021
By: Alejandro Leáñez, ACSS
The world over, sanctions evasion tactics are becoming more sophisticated. Petróleos de Venezuela (PDVSA), which was sanctioned by OFAC on January 28, 2019, has been using just such tactics to circumvent sanctions. (more…)
Recent UK Case Studies: The Impact of US Sanctions on the Contractual Right to Withhold Payment and Key Compliance Takeaways
December 18, 2020
By: Miranda Hearn, Hill Dickinson LLP
Disclaimer: This article does not constitute legal advice. Legal advice should be sought for each individual case taking into account its unique facts and circumstances. (more…)
Rethinking the Applicability of Secondary Sanctions: Prohibited v. Sanctionable Activity
November 20, 2020
By: Amir Fadavi Ardekani, BNP Paribas*
In recent times, the U.S. Government has not been shy about imposing sanctions on activities with no nexus to the U.S. in order to increase its global crack down. The imposition of these so-called ‘secondary sanctions’ have resulted in an even further global reach of OFAC restrictions and rules. (more…)
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