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...
Continue reading
SUBSCRIBED FEATURES
- Export Compliance Manager Tackles the issues and challenges that keep trade compliance professionals awake at night... with insight and with solutions.
- Export Compliance Manager Shares the know-how of experienced professionals, keeping its readers on top of developing best practice in trade compliance AND helping to deliver real commercial advantage.
- Export Compliance Manager Celebrates the valuable contribution of trade compliance professionals to their companies, communities and to international security.