Member Login

Email address required.
Password required.
×

Holman Fenwick Willan issues North Korea sanctions update

Posted on: 18 April 2016

London headquartered lawyer Holman Fenwick Willan LLP (HFW) has issued a North Korea sanctions update.

Following the nuclear test conducted by North Korea on 6 January 2016 and the rocket launch conducted on 7 February 2016, the UN, the US and EU have significantly expanded the scope of sanctions against North Korea. Other UN members, including China, are also reported to have imposed their own new set of sanctions against North Korea, in line with the new UN sanctions.

The new measures imposed by the UN Security Council and EU include trade and transportation measures, an expanded arms embargo, additional asset freeze designations and prohibitions relating to the insurance and financial sectors. The UN Security Council Resolution in respect of North Korea contains some of the toughest measures ever taken by the UN Security Council.

The US has now imposed a comprehensive trade embargo against North Korea, similar to the one in place against Iran, thereby going beyond the measures mandated by the UN and the EU. Read more here.

What is Maritime London?

Maritime London – the promotional body for UK based companies providing professional services to the international shipping industry

Funded by over 100 companies and organisations from a wide range of disciplines, Maritime London ensures that the UK remains a world beating location to base a maritime related business. Maritime London’s mission is to promote the UK as the world’s premier maritime business centre.

Our core Maritime Services

The UK is home to a world beating array of professional maritime service providers. Maritime sectors include:

© 2024 All Rights reserved. || Privacy/Terms