Robert Price: The role of sanctions in dispute resolution proceedings12 January 2021
Sanctions compliance is typically represented as a matter between governments and companies: comply or face prosecution. But in the ‘real world’ issues frequently occur in disputes between private parties, with companies claiming, for example, that a force majeure clause is triggered by the imposition of sanctions that excuses a party’s performance, or that the contract cannot be performed because it has been ‘frustrated’. Blocking Statutes have added to the complexities in this area.
Sanctions can also have a bearing on arbitration agreements and procedures, adding further procedural and substantive difficulties for the parties.
In his presentation, Latham & Watkins associate Robert Price looks at these issues in the round – and how businesses should take stock against a quickly-evolving sanctions landscape.