SELECTED CASES: INTERNATIONAL SANCTIONS
We have particular experience with EU financial sanctions. We caused one of the EU member states to promulgate implementing legislation necessary to enforce sanctions in the territory of this state. We also secured a precedential and groundbreaking decision of the High Court of an EU member state restricting ability of the persons designated in the sanctions and other persons controlled by them to litigate about commercial matters.
We developed the concepts of breach of contract and frustration of contract as the result of promulgation of international financial sanctions against contracting parties and successfully arbitrated in relation to this breach of contract for our clients. We worked closely with officials at the EU commission and with certain members of the EU Parliament in respect to analysis, interpretation and enforcement of the financial sanctions.