Member Login

Email address required.
Password required.
×

WFW issues ‘Sanctions and Shipping: Update and Overview’ report

Posted on: 12 October 2020

International legal firm Watson Farley Williams LLP (WFW) has issued a report highlighting some recent developments and forthcoming changes in the sanctions landscape in the UK, EU and US, compliance with which is vital to the shipping community.  The report was authored by WFW’s London-based Assets & Structured Finance Partners Simon Kavanagh and David Osborne,  (London), New-York-based Tax & Sanctions Partner Daniel Pilarski and Hamburg-based Regulatory & Competition Partner Christine Bader.

Recent decades have seen a proliferation of sanctions regimes, used as foreign and security policy tools. While these sometimes have conflicting requirements, they use broadly the same tools: prohibitions or restrictions on trading, exports and imports, and the freezing and blocking of funds and this makes them of particular relevance to the shipping sector, which is at the heart of world trade.

Against this background of increasingly complex sanctions regulation and ever closer attention by the relevant authorities, it is important to have a full understanding of the sanctions applicable to the industry, the risks they pose and the due diligence and compliance measures required to address these.

Download your copy 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:

© 2020 All Rights reserved. || Privacy/Terms