International Sanctions

Lawyers International Sanctions

Businessmen, professionals and the general public have great doubts about international sanctions; which countries are sanctioned? Is the whole country sanctioned or only certain companies or individuals? Which bodies determine which countries are sanctioned? What kind of measures do I have to take when I invest or do business with companies or individuals from sanctioned countries?

Since the entry of the Maastricht Treaty in November 1993, the sanctions imposed by the European Union have increased considerably.

The sanctions therefore represent an added risk to the process of internationalization on the part of companies and an obligation to comply. However, companies must not only comply with the regulations in force in their country, but must also pay attention to other foreign regulations, especially those in force in the United States. The “secondary sanctions”, applicable to those who have relations with countries or companies that are subject to prohibitions, can significantly complicate a company’s access to the American financial market.

In addition, any company with an interest in the U.S. should consider the possibility that sanctions may affect not only its presence in the U.S., but also a possible termination of contracts and licenses with U.S. business partners or suppliers.

The Firm

In this context, Lupicinio International Law Firm is the first Spanish-speaking law firm with a consolidated practice in the Luxembourg Court of Justice in matters of sanctions. We have advised public administrations and public and private companies from different sectors in investment or international trade operations linked to or focused on countries suffering international sanctions. We have experience advising countries and sanctioned companies.

Likewise, we try to ensure that secondary sanctions do not affect, condition or damage the business interests of international companies with commercial traffic or investments in sanctioned countries.

The Chambers & Partners directory has recognized the Firm as one of the best experts in Cuba for three consecutive years now. Likewise, partners of the firm have been recognized as experts in litigation in jurisdictions such as Iran and Russia.

Services

  • Advice on trade and investment in sanctioned countries.
  • Analysis and advice on the Antidote Law (Regulation 2271/96).
  • Direction in the extrajudicial and judicial procedural phase before European courts from the filing of the lawsuit to the last instance.
  • Litigation before Spanish courts.
  • Damages actions against plaintiffs of the Helms-Burton Law.
  • Planning of operations and structuring of vulnerable assets.
  • Practice with sanctioned countries (investment protection), particularly Cuba, Iran, Russia and Ukraine.
  • Infrastructure: we have our own or associated offices in all sanctioned countries.

Experience

  • Development and Foreign Economic Affairs Bank and Vnesheconombank (VEB), one of Russia’s leading financial institutions.
  • PSC Prominvestbank, one of the largest financial institutions of Ukraine.
  • North Drilling Company, Iranian Company subject to EU sanctions.
  • Iranian Offshore Engineering Construction Company, Iranian Company subject to EU sanctions.

Team

J.L Iriarte

Ana M Camacho

Lupicinio Rodriguez

Luis Manuel García

Advisors and consultants in the United States

Olga Pina


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