Blocking Regulation: the first step towards solving the conflict of laws between EU and US sanctions
Lourdes Catrain
Attorney-at-Law, Partner, Hogan Lovells International LLP
,
Eleni Theodoropoulou
Attorney-at-Law, Associate, Hogan Lovells International LLP
January 25, 2022
Adobe Stock
The Court of Justice of the EU has interpreted for the first time the Blocking Regulation. The ruling confirms that it is possible to terminate contracts with a US designated person without providing reasons. However, in civil proceedings it is for the EU party to prove that, when it sought to terminate a contract, it did not seek to comply with US sanctions in the absence of an authorisation by the European Commission.
- Рынок: EU - European Union UK - United Kingdom Europe Asia North America
- Издатель: CC Learning, UAB
Комментарии ()
Чтобы оставить комментарий, вам необходимо