© Getty images
A landmark Supreme Court ruling has underscored the sweeping reach of UK sanctions. In NLJ this week, Brónagh Adams and Harriet Campbell of Penningtons Manches Cooper say the regime is a ‘blunt instrument’ requiring only a factual, not causal, link to restricted goods
The judgment confirms banks may withhold payment and still avoid liability if acting reasonably, but warns organisations caught in supply chains face ‘few protections—and many risks’.
With licensing acting as a ‘safety valve’, businesses are told to err on the side of caution. In a volatile geopolitical climate, compliance failures could prove costly and complex.
Issue:
8159
/
Categories:
Legal News
,
Sanctions
,
Regulatory
,
Compliance
,
International
,
Dispute resolution
,
Risk management
RELATED ARTICLES
