HFW Briefing: Managing Sanctions Risk in Contracts: The High Court provides guidance

Legal, Sanctions — By on October 24, 2019 at 9:53 PM

Daniel Martin, partner HFW

Managing Sanctions Risk in Contracts: The High Court provides guidance

Recent sanctions have had a major impact on entities in China and Turkey, as well as their counterparties, and this has caused significant disruption to global markets.

Given the broad scope of international trade sanctions, the potential for new measures to be introduced with little to no warning, and the significant fines that have been imposed for sanctions breaches, we strongly recommend that all contracts for international trade should contain a robust sanctions clause.

Our briefing considers the drafting and interpretation of sanctions clauses which are in use in the market.

Please click here to read the briefing in full.

 

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