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Trade Law and Sanctions

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In an increasingly challenging international business world, our inter-disciplinary team helps companies to remain compliant and keep supply chains moving. With sanctions regimes often lacking clear guidance, even seemingly routine business transactions can pose substantial risks, both financial and reputational. Our team assists clients in navigating rapidly changing and complex financial and trade sanctions and embargo rules at national and EU levels, which in the UK concerns the regime enforced by the Office of Financial Sanctions Implementation (OFSI) and the Department for International Trade (DIT). As part of our trade practice we assess potential risks associated with business relationships, conduct due diligence, draft contractual protections and advise on compliance measures. As part of our White Collar practice we advise on criminal risks, provide support for applications for waivers/derogations, reporting sanctions breaches and enforcement matters. We have strong relationships with lawyers in numerous other jurisdictions, such as the US, and can provide a fully integrated multi-jurisdictional service to clients. 

The wider CMS network also advises clients in trade related disputes and trade defence matters such as anti-dumping, anti-subsidy proceedings and export controls. Our Brussels-based lawyers have supported clients in numerous EU trade defence matters, in original investigations or the various review proceedings, before the European Commission or subsequently before the Courts of the European Union. Our Brussels team also regularly advises clients on the impact of trade agreements and WTO law on the cross-border movement of goods and the provision services and leverage the expertise of our highly regarded tax and customs teams.

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03/07/2024
Russia sanctions: Non-EU subsidiaries to comply with EU law
On 24 June 2024, the EU adopted the 14th package of sanctions against Russia, introducing new restrictions on goods and services and listing more individuals and legal persons. In practice, more relevant...
01/07/2024
EU anti-dumping investigation of Chinese, Korean, Taiwanese, and Thai epoxy...
On 1 July 2024, the EU opened an anti-dumping investigation concerning EU imports of epoxy resins originating in the People’s Republic of China, the Republic of Korea, Taiwan and Thailand which could...
14/06/2024
EU anti-dumping investigation of Chinese decor paper imports
On 14 June 2024, the EU opened an anti-dumping in­vest­ig­a­tion con­cern­ing EU imports of decor paper originating in the People’s Republic of China, which could lead to substantial anti-dumping duties...
13/06/2024
UK Government publishes key updates to NSI Act guidance
Overview of the key updates  On 21 May 2024 the UK Government published updated guidance on the scope and application of the UK National Security and Investment Act (NSIA).  The changes respond to some...
24/05/2024
EU anti-dumping investigations for Chinese lysine and vanillin imports
On 23 May 2024, the EU opened an anti-dumping in­vest­ig­a­tion con­cern­ing EU imports of lysine originating in the People’s Republic of China, which could lead to substantial anti-dumping duties on future...
19/01/2024
CBAM: Just over a week to comply
As the deadline for the first Carbon Border Adjustment Mechanism (CBAM) report approaches on January 31st, it is crucial for undertakings engaged in importing relevant goods into the European Union to...
17/01/2024
Reform of UK Furniture Fire Safety Regulations
The UK Government is currently reviewing responses to the recent consultation on the proposed regulatory framework for domestic furniture and furnishings, which is quite the change from the current fire...
24/11/2023
Carbon Border Adjustment Mechanism transition in effect since 1 October...
On 1 October 2023, a two-year transitional period began for implementation of Regulation (EU) 2023/956, which introduces the Carbon Border Adjustment Mechanism (CBAM). CBAM levies punitive CO2 charges...
05/07/2023
The EU’s Carbon Border Adjustment Mechanism: An Overview
IntroductionThe EU Carbon Border Adjustment Mechanism (“CBAM”) entered into force on 5 June 2023. It aims to reduce carbon emissions and also discourage producers from moving their production outside...
27/06/2023
New EU sanctions against Russia (11th package)
On 23 June 2023, the EU adopted its 11th sanctions package against Russia. After weeks of internal negotiations EU Member States agreed on a set of additional measures which tackle circumvention and extend...
02/05/2023
Addressing carbon leakage: EU CBAM is adopted as UK consults on future...
On 25 April, the Council of the European Union formally adopted the regulation establishing a carbon border adjustment mechanism (the “CBAM Regulation”). The CBAM Regulation is a key component of...
21/04/2023
Key changes for companies related to the new General Product Safety Regulation
On 30 March 2023, the European Parliament adopted the General Product Safety Regulation for consumer products, which replaces the General Product Safety Directive of 2001 (2001/95/EC). The Council must...