On 1st October, Insurance Marine News reported that a decision has confirmed the position in English law that parties were able to manage sanctions risk contractually, including risks arising from US secondary sanctions. It says that tt might also reduce uncertainties in relation to some existing sanctions clauses which excuse parties from non-performance of their obligations where performance may cause the party to become subject to US secondary sanctions. Lamesa Investments Limited v. Cynergy Bank Limited was published on 12th September.
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