Robert Price and Andrew Galdes: Blocking regulations and sanctions – clashes between legal orders

Sanctions laws – especially US regulations – are remarkable for their potential to impact the activities of organisations domiciled abroad. For a long time, so-called ‘blocking’ regulations have been regarded as lacking teeth, but in recent years they’ve garnered greater attention and relevance to corporate transactions.

In this presentation, Rob Price and Andrew Galdes explore this new terrain and its context, focusing on:

• The extra-territorial effect of some primary sanctions
• The impact of secondary sanctions
• The EU Blocking Statute in light of the recent ECJ decision on Bank Melli/Deutsche Telekom
• Equivalent legislation in the UK and other jurisdictions

Rob and Andrew will also focus on the strategies and preparation necessary for companies to navigate the conflicts of laws presented by blocking regulations for compliant cross-border trade.

About Rob: Robert Price is a partner in the Litigation & Trial Department in the London office of Latham & Watkins.

About Andrew: Andrew Galdes is a counsel in the Washington, D.C. office of Latham & Watkins and is a member of the Export Controls, Economic Sanctions & Customs Practice.