Economic sanctions (restrictive measures). Sanction compliance

Unilateral economic sanctions against private businesses have a negative impact not only on the sanctioned persons themselves, but also on the companies working with such persons. Conducting international business in the current sanction’s reality is gradually turning into no less than a minefield.

In this regard, it is extremely important for any company or individual to protect their business from negative consequences in the framework of their relations with counterparties, partners or shareholders by means of sanctions compliance.
 

1. Sanctions compliance and verifications

  • Identification of sanctioned persons (i.e., complete verification of the company’s corporate structure, including its final beneficiaries and subsidiaries);
  • Performance of sanctions due diligence of current and potential counterparties, the assessing the compliance risks and ways of their minimization;
  • Verification of the companies’ corporate and contractual structures regarding the compliance with the sanction laws of the countries with which the company is associated; formulation and drafting of (anti)sanctions clauses in contracts; advising on possible options for changing the corporate structure.
     

2. Business consulting

  • Advising international and national companies in regard to sanctions and the consequences of their imposition;
  • Communication with the official bodies and authorities competent to impose sanctions, including the issues of de-listing;
  • Supporting the procedure for appealing decisions (resolutions) of the competent authorities on the imposition of sanctions in state courts;
  • Conducting the training (workshops) for owners, CEO and other employees of companies on the peculiarities of sanctions regulation;
  • Developing sanction’s policies, strategies, and recommendations for doing business when sanctions are imposed.
     

3. Reputation, defense against defamation

  • Analyzing the status and conditions of the mass media information and assess the reputational risks of the company (person) that may affect the process of the sanctions’ imposition;
  • Representing the interests and assisting in refuting (appealing) the false information in media (exercising the right of reply and others) in foreign and Belarusian mass media sources.

Experts in the field

Dmitry Arkhipenko

Dmitry Arkhipenko

Managing partner of REVERA law group

d.arkhipenko@revera.legal Kamal Tserakhau

Kamal Tserakhau

Head of Arbitration & IT Disputes Subpractice of REVERA law group

k.tserakhau@revera.legal

Publications

news

EU Sanctions Against Belarus: What Does the Ban on the Provision of Legal Services Entail?

EU Sanctions Against Belarus: What Does the Ban on the Provision of Legal Services Entail? news

U.S. sanctions against Russia: restrictions on the provision of IT services

U.S. sanctions against Russia: restrictions on the provision of IT services news

REVERA law group has opened a legal panel in Uzbekistan

REVERA law group has opened a legal panel in Uzbekistan articles

The procedure for forming and maintaining lists of right holders whose objects can be used without their consent has been determined in Belarus

The procedure for forming and maintaining lists of right holders whose objects can be used without their consent has been determined in Belarus news

REVERA lawyers successfully represented the Client's interests on removal of inaccurate information from World-Check One

REVERA lawyers successfully represented the Client's interests on removal of inaccurate information from World-Check One announcements

Belarus legal consulting market through the eyes of REVERA law group

Belarus legal consulting market through the eyes of REVERA law group