Sanctions

Insurers Contest DAE Claim over Aircraft Stranded in Russia

Lloyd’s of London, AIG, Chubb, Swiss Re, and seven other insurers contend that they are not obligated to pay

Kuvera Resources Pte Ltd. v. JPMorgan Chase Bank, N.A. [2022]

Kuliarchar Sea Foods (Cox’s Bazar) Ltd. v. Soleil Chartered Bank [2022]

Cleareye.ai, J.P. Morgan Collaboration Aims to Solve TF Paper Puzzle

Cleareye.ai, an advanced artificial intelligence and machine learning platform, announced on 21 September 2022 its strategic alliance with J.

Compelling Compliance Issues Identified and Examined

In a recent discussion of hot-button issues impacting compliance in the US, industry specialists identified and addressed five areas: * the

US Agencies Issue Alert on Export Control Evasion Tactics

US Treasury’s Financial Crimes Enforcement Network (FinCEN) and the US Department of Commerce’s Bureau of Industry and Security

Economic Sanctions: Introducing Uncertainty into Trade Instruments?

Economic sanctions challenge lawyers to navigate compliance and regulatory interpretations. The historical case of Shanning International v. Lloyds TSB Bank highlights the ongoing nature of demand guarantees amidst changing sanctions. Recent US OFAC views also complicate trade finance obligations.

Equador Cautions Trafigura of Russian Origin Diesel Discharge

Petroecuador, Ecuador’s state oil company, has cautioned Trafigura Group about avoiding importing fuel of Russian origin after the commodity trader reportedly “finished discharging a cargo of mostly Russian diesel at the Ecuadorian port of Esmeraldas”

Real World Scenario: Confirmation & Sanctions

Asia Traders Ready, Willing, Unable to Buy Russian Coal

Citing an inability to find an appropriate payment arrangement, would-be purchasers of discounted Russian thermal coal based in Asia have

US Treasury Designates Faciltators of Russian Sanctions Evasion

On 20 April 2022, U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russian bank,