Individual and sectoral sanctions have traditionally been used by different states and international organisations as a response to alarming geopolitical events, which are capable of having impact on the international landscape.
Although the relative efficiency of various sanctions is subject to open debate, they still need to be taken into account by businesses and very often require restructuring – up to termination – of the commercial dealings.
Historically, sanctions had not been topical for Ukraine. Nevertheless, in the past years Ukraine has found itself at the crossroad of geopolitical interests and, since then, developed the necessary legal framework, which has paved the way to the introduction of numerous relevant measures: mostly, individual sanctions but sectoral ones as well.
INTEGRITES has a dedicated cross-practice team, which comprises professionals from the firm’s various transactional and litigation practices. Such an approach addresses the sanctions-related needs of our clients in multiple dimensions.
Providing clarifications on the application of the various types of sanctions, as well as their scope, legal effect and liability for breaching same.
Advice and related services in order to develop and enforce policies, procedures and template clauses, that allow to ensure – without continuous involvement of an outside counsel – that their day-to-day commercial processes comply with the applicable regulation on sanctions.
Regular updates on the sanctions that have already been or may be imposed upon the legal entities and individuals, which are relevant to our clients: their current and potential business partners, group companies, controllers and UBOs.
Sanctions due diligence
Conducting reliable checkups on our clients’ business partners and target companies, which allows to identify sanctions-related red flags during the due diligence procedures.
Restructuring to prevent sanctions
- Recommendations on the restructuring of their commercial relations and operations from the contractual and other perspectives, as well as – to the extent necessary – on terminating such relations and operations
- Analyzing and investigating the grounds for applying sanctions by the Ukrainian authorities, as well as advice on the possibility of lifting them