In what is the first commentary from a member of Europe’s highest court on whether EU-based companies must comply with the EU blocking regulation, Advocate General Gerard Hogan has given a non-binding opinion that they must.
The EU blocking regulation prohibits EU companies from complying with certain extraterritorial (e.g., US) sanctions. So, for example, if an EU company pulls out of a contract with an Iranian company that is subject to US sanctions but not EU sanctions, the decision...
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