International TRADE LEGAL Day

PROGRAMME

LEGAL EFFECTS OF GLOBAL MARKET MANIPULATION
VIA IMPOSED MEASURES, BANS AND STATEMENTS

March 30, 2022
12
Days
01
Hours
52
Minutes
52
Seconds

MARCH 30

SESSION I

EXTRATERRITORIAL MEASURES AGAINST RUSSIA: OVERVIEW AND ANALYSIS

UK Sanctions 

US Sanctions: OFAC’s directives and licenses 

EU Sanctions 

Sanctions Imposed by Japan, South Korea, Taiwan and Singapore 

Canada's Sanctions 

SESSION II

GLOBAL MARKET MANIPULATION: DECLARING INTENT, SPREADING RUMORS
AND FALSE NEWS 

Misleading Information, Statements Via Social Media in the Absence of Official Information on the Website, Pulling Information Out After it Posted: How Should Contract Parties Proceed If Such an Information Starts to Circulate? 

Litigation Prospects in the Case of Unilateral Refusal to Perform a Contract / Altering the Terms of a Contract Based on Market Participants’ Declarations of Intent. 

Force-Majeure Clause: Practical Enforcement in the Current Environment.  

SESSION III

INTERNATIONAL CONTRACT IN THE CURRENT CONTEXT: NO-RIGHTS ZONE (AREA OF LAWLESSNESS) 

Detained Cargoes.

Arrested and Detained Vessels.

Freezing Accounts and Blocked Payments. 

Unilateral Withdrawal from the Contract. 

Unilateral Amendment of Financial Conditions. 

Prepayment Requirements Despite Increasing Risks of Contract Breach By a Counterparty.

SESSION IV

THE IMPACT OF SANCTIONS ON TRADE FINANCE: RISKS FOR PARTIES AND PROSPECTS FOR REPAIRING RELATIONSHIPS 

What’s Happening Now with Letters of Credit and Guaranties Issued by Russian Banks? 

Bank Cancels its Confirmation to the Letter of Credit Provided there are No Sanctions Imposed in its Jurisdiction: What’s the Story? 

The Bank, Applicant or Beneficiary Fails to Honour Referring to Sanction Laws: When is it Possible? 

How To Solve the Problem of Failure to Meet the Undertaking When Sanctions Imposed? 

Goods in Transit: Defining Responsibility and Solving the Problem.  

The programme can be changed without any notification