As you know, the United States, the European Union, Canada, Australia, Switzerland, Japan, and certain other countries have introduced a wide array of individual, sectoral, and Crimea-related sanctions on Russia due to the situation in Ukraine. Russia holds that these sanctions are illegal and unenforceable.
Because of the conflict, some businesses with a presence in Russia may find themselves exposed to inescapable risk while trying to adjust to both the Western sanctions on the one hand, and new provisions in Russian law on the other.
To address this, Dentons has formed a small team in Russia dedicated to dealing with sanctions-related provisions in contractual documentation with Russia-based parties, as well as various other sanctions-related matters
As of today, we will be able to assist you with the following:
- Drafting sanctions clauses in contractual documents;
- Drafting sanctions-related provisions in force-majeure clauses;
- Identifying sanctioned entities and individuals;
- Defining the legal meaning of “control” to determine whether sanctions regulations apply.
We hope you find this resource to be useful. We believe it will allow us to be more systematic about sanctions clauses and ensure that we can provide a high level of responsiveness and consistency.