Юридическая фирма VERBA LEGAL

All practices

Sanctions Law

Our Practice

We specialize in complex sanctions matters and significant export control projects. Our deep cross-industry expertise, trusted partnerships with foreign consultants, and our clear, cohesive, and prompt responses are highly valued by our clients. Among our clients are the Russian Direct Investment Fund, SOGAZ, MTS, and other prominent Russian companies.

The majority of our team has dedicated their careers to the specialization in sanctions law. We boast a number of precedent-setting cases, including securing Russia's first license to unlock an individual investor's assets in Euroclear.

Our practice's lawyers are acknowledged in Pravo-300 ranking in the category of Sanctions Law, and are individually ranked by WorldECR, a preeminent global publication on sanctions and export control issues.

SERVICES

Sanctions-Related Consultancy Services

Interaction with competent sanctioning authorities on matters of clarification and interpretation

Interaction with competent sanctioning authorities on licensing and derogations.

Challenging of sanctions in the administrative and judicial order

Suport on sanctions-related matters on a subscription type grounds

Export Controls and International Trade

Assessment of the applicability of export control rules to specific goods

Interaction with competent authorities on export control matters

Audit by an independent third party

Compliance

Development of a turnkey embargo and restriction system

Compliance system audit

Training and qualification enhancement

Experience Highlights

Provided expert advice to board members of a major Russian bank on matters of US, EU, and UK sanctions legislation.

Assisted a European energy trading company in securing a license from the U.S. Treasury's Office of Foreign Assets Control (OFAC).

Counselled a Russian entrepreneur in challenging the US, EU, and Ukraine sanctions.

Supported obtaining the approval from the Governmental Commission for acquisition of corrugated and polymer packaging plants by a key player in the Russian packaging materials production market.

Supported the first ever process in Russia of obtaining licenses from the Belgian Ministry of Finance for unfreezing assets frozen at NSD for an individual.

Conducted an exhaustive sanctions audit for a financial and industrial production group.

Advised a Russian sovereign wealth fund on its international operations considering its multi-jurisdictional sanctions status.

Offered legal support in changing domicile of an international and holding structure of an e-commerce giant to Russia.

Provided legal assistance to a major Russian private insurance company on the specifics of sanctions laws regarding contracts and relationships with top-tier global reinsurers.

Advised a luxury goods manufacturer on the challenges of operating in the Russian market in the face of “sectoral” restrictions by the US, EU, and Switzerland on their product range.

Secured the first license in the Russian Federation from the Belgian Ministry of Finance to unblock a private investor's assets and accomplished the first complete execution of this license in Russia.

Consulted a leading distributor in consumer electronics on compliance with the latest U.S. Department of Commerce regulations. Received an endorsed position from a U.S. regulatory body.

Assisted several global medical device manufacturers on navigating the Russian market amidst U.S. export limitations.

Represented an innovative entity in the labeling and packaging industry before the U.S. Department of Commerce to obtain a software export license.

Represented the international division of a major Russian oil and gas producer in 15 rounds of negotiations with a significant Middle Eastern energy conglomerate.

Challenged the Belgian Council of State's refusal to issue a license for unlocking assets frozen at the National Settlement Depository.

Provided advisory services to a leading Russian player in multimodal transportation on sanctions and compliance, as well as potential restructuring strategies.

Provided consultancy support to the international branch of a Russian oil and gas giant on intragroup financing under the framework of sectoral sanctions.

Prevented asset confiscation for a major insurance company across EU member states.

Offered legal support to an international medical equipment manufacturer on logistics organization under sanctions conditions.

Provided support for the maintenance of a luxury watch manufacturer's service business in the Russian Federation in light of sanctions restrictions and export controls.

Developed a multi-jurisdictional strategy for the Russian sovereign fund and its subscription management.

Established a commercial presence for an oilfield service equipment manufacturer in Venezuela.

Facilitated a project on intragroup financing of the foreign business of a major Russian oil and gas producer under sanctions.

Analyzed the sanctions risks for the international business expansion of Russian oil and gas majors in the Gulf countries.

Conducted a sanctions risk assessment for a major telecommunications provider.

Obtained a license from a regulatory authority of an EU member state to receive reinsurance premiums for a Russian insurance company under sanctions.