The new Chambers and Partners UK Chapter of the Sanctions 2024 Guide, written by Partner John Binns, covers key jurisdictions, providing the latest information on regulatory and legal updates, delisting challenges, trade and export restrictions, litigation and arbitration and designation, compliance and circumvention.
"The UK’s sanctions sector continues to expand exponentially, principally as a result of measures taken in response to Russia’s continuing actions in Ukraine. Delays caused to criminal enforcement by under-resourcing and the COVID-19 pandemic have played some part in the UK’s sanctions enforcement landscape remaining relatively quiet, though this is beginning to change, with activity in both criminal prosecution and monetary penalties."
The King’s Gambit: UK Sanctions and the Rule of Law
What is at risk in the UK’s economic war against Russia – and is the conflict worth it?
A question of values
The use of sanctions by any state invariably raises deep questions about its fundamental values, and the collateral impacts that these measures inevitably bring with them. The UK’s use of sanctions in 2024 raises those questions in a particularly acute way, against a backdrop of:
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its withdrawal from the European Union (EU) (“Brexit”), and the political instability that followed;
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its continuing roles in the G7 and the UN Security Council, and as a global financial centre;
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the disproportionate influence on global finance of its Crown Dependencies (CDs) and Overseas Territories (OTs); and
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the whiplash-inducing response of its political leaders to Russia following its 2022 invasion of Ukraine.
First published by Chambers and Partners on 13 August 2024, if you wish to read the full guide please click here.
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