The USA has continued the national emergency relating to Libya which means its sanctions regime in Executive Order 13566 continues. See White House Press Release and Letter. By Proclamation 9699, the USA has also modified and continued its Cuba sanctions by restricting the entry of US-registered vessels into Cuban territorial waters and continuing those sanctions […]
The Grand Court of the Cayman Islands has held that the exercise of voting rights by the shareholders of an investment fund to change the directors of the fund was not a “use” of shares within the meaning of the UN Libya sanctions regime, nor a “circumvention” of its prohibitions. The court said the provisions […]
The ECJ has given judgment in a request for a preliminary ruling from the Hungarian courts in proceedings between two Hungarian banks concerning the payment of costs arising in connection with bank guarantees for public service construction works for the Libyan Housing and Infrastructure Board, which was designated under the EU’s Libya sanctions regime between […]
The UK has passed the Sanctions (Amendment) (EU Exit) Regulations 2019, SI 2019/26, which make amendments to a number of EU sanctions regimes to ensure (inter alia) that they continue to apply within the UK after Brexit. The Regulations will come into force on exit day.
Last week (16 November 2018), the UN Security Council added one individual, Salah Badi, to its Libya sanctions list. As a result, he will now be subject to a UN asset freeze and travel ban. See UN Press Release and Narrative Summary of Reasons for Listing. On 19 November 2018, the US implemented this UN […]