By Maya Lester KC & Michael O’Kane

OFSI issues LCIA general licence for Russia & Belarus sanctions regimes

On Monday (17 October 2022), OFSI issued General Licence (GL) INT/2022/1552576, “London Court of International Arbitration (LCIA) Arbitration Costs” (Notice), under its Russia and Belarus sanctions regimes. LCIA Press Release. The GL indefinitely authorises: designated people or entities (DPs), companies owned or controlled by DPs or their legal representatives to pay funds to LCIA to cover arbitration costs, and the …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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