The ‘Long Arm’ of the law
European regulation on insurers and brokers complying with extra-jurisdictional sanctions from the US are clear and yet firms continue to uphold the Office of Foreign Assets Control sanctions list when dealing with US firms. Christian Taylor and Richard Burger investigate why this is and how likely it is to change in the future.
The UK has long been opposed to attempts by other countries to enforce their views on sanctions. Since the introduction of the Protecting of Trading Interests Act in 1980, UK companies and nationals
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