Baker McKenzie’s Sanctions Blog published the alert titled Australian Government makes first designated party listings under Magnitsky-style thematic sanctions regime on 30 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Canada introduces additional designations on 160 members of the Russian Federation Council on 30 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Canada prohibits export of goods and technologies listed on the restricted goods and technologies list to Russia on 30 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled European Union: Temporary State Aid Crisis Framework (Ukraine): Member States can support businesses — up to EUR 50 million for energy-intensive businesses on 30 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Italian Government amends foreign investment scrutiny in the context of the invasion of Ukraine on 30 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled UK designates 14 new Russian individuals and entities on 31 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Recently the EC has published an update to its “Guidance on non-preferential rules of origin”. The prior version dates back to December 2018. The update mainly provides further clarification of the various assessments that have to be made to verify whether a product falls in scope of the non-preferential rules of origin.
The UK’s Plastic Packaging Tax becomes effective on 1 April 2022 and applies to plastic packaging in the UK that contains less than 30% recycled plastic content at a rate of GBP 200 per metric tonne. The tax is aimed at encouraging the use of more sustainable plastic packaging, increasing the use of recycled plastic and helping to reduce plastic waste. The PPT has been promoted by the UK government as a world leading measure and other jurisdictions are already putting in place similar regimes.
On 15 March 2022, the Presidential Decree Amending the Decree on the Implementation of Certain Articles of the Customs Law No. 4458 was published in the Official Gazette. The Decree introduced notable amendments to the customs duty rates of certain product groups imported via mail, cargo or along with passengers. The amendments will enter into force on 1 May 2022.
On 21 March 2022, the US Securities and Exchange Commission issued its long-awaited proposed rules that, if adopted as currently drafted, would mandate both domestic and foreign registrants to make a variety of climate-related impacts and risk disclosures in registration statements and annual filings under the Securities Exchange Act of 1934.