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Operating risk

Sanctions & export controls

A payment your contract requires becomes a criminal offence overnight; a counterparty you onboarded last year is acquired by a sanctioned person; a software licence to an overseas engineer turns out to need an export licence. Sanctions and export controls have moved from a niche concern to a board-level commercial risk - they change fast, they reach across borders, and they can override the contract you signed. This guide explains how they bear on commercial contracts under English law and how to allocate the risk in the drafting.

Pillar guide

Sanctions and export controls: when the law overrides the contract.

A payment your contract requires becomes a criminal offence overnight; a counterparty you onboarded last year is acquired by a sanctioned person; a software licence to an overseas engineer turns out to need an export licence. Sanctions and export controls have moved from a niche concern to a board-level commercial risk - they change fast, they reach across borders, and they can override the contract you signed. This guide explains how they bear on commercial contracts under English law and how to allocate the risk in the drafting.

Read the pillar guide
  1. 01UK, US and EU regimes
  2. 02Sanctions and performance
  3. 03Export controls and dual-use
  4. 04Counterparty due diligence
  5. 05Drafting sanctions clauses
  6. 06Enforcement and penalties

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All sanctions & export controls guides.

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