As a firm we routinely provide advice to insurers, brokers and other businesses on issues arising out of international and domestic sanctions (UN, US/OFAC, EU, UK etc.) especially in relation to claims and premium payments.
Where necessary, we liaise with HM Treasury/Office of Financial Sanctions Implementation to obtain licences for blocked transactions.
We have also brought claims against the European Union on behalf of clients challenging sanctions which have been imposed on them, and advised upon seeking UN de-listing using the Focal Point procedure.
Sanctions are a serious issue and often advice is required urgently. Our emphasis is always on prompt, practical advice and a ‘yes’ or ‘no’ answer wherever possible.