ORGANISATIONS CANNOT ASSUME THAT SANCTIONS IMPOSED BY THE UK ARE IDENTICAL TO THEIR EU PREDECESSORS

An article from Out-Law on 9 December contains this warning from a sanctions expert as the end of the Brexit transition period looms.  It is said that while the UK regulations broadly mirror those imposed by the EU, delivering substantially the same policy effects as the existing regimes, organisations cannot assume that they are identical.  In some cases, there are key differences which may have a significant impact on future relations and the ability to conduct business lawfully.  An example given is that the definition of ‘brokering services’ in regulations made under the UK legislation is wider than under the EU regime.

https://www.pinsentmasons.com/out-law/news/brexit-uk-sanctions-different-their-eu-counterparts

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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