8 August 2018 Iran update to EU Blocking Reg – “significant risk” of civil litigation & “legal complexity”

The trade association UK Finance has published a paper setting out some considerations for the financial services sector arising out of the forthcoming amendment to the EU Blocking Regulation designed to protect the “Iran-related business interests of EU companies and individuals following the US JCPOA withdrawal” (see previous blog).  The paper explains the potential impact on EU and US persons,...