On 24 June 2024, the European Union published its 14th sanctions package in response to Russia’s military aggression against Ukraine. The newly adopted Regulation 2024/1745, Regulation 2024/1746, Council Decision 2024/1738 and Council Decision 2024/1744 amend Regulation 833/2014 and Regulation 269/2014. Sanctions package 14 consists of restrictive measures targeting 116 additional legal entities and individuals. These ...
The thirteenth package of sanctions targeting Russia, adopted on 23 February 2024, contains new measures aimed at addressing attempts to circumvent sanctions. This package amends Regulation (EU) 833/2014 and Regulation (EU) 269/2014 and addresses sensitive military technology, such as key components for drones. The EU has specifically identified 27 legal entities associated with Russia's military-industrial complex, including those ...
On 26 January 2024, the European Union updated its Frequently Asked Questions on Russian sanctions regarding public procurement issues. The FAQ are released to help the public accurately interpret and implement EU legislation regarding Russian sanctions. The following are clarifications found in the EU’s most recent FAQ update:
In December 2023, the EU passed a 12th Sanction Package targeting trade with the Russian Federation. The sanction package encompasses trade with Russian diamonds, which has gone into force as of 1 January 2024. Decision 2023/2874 has amended Decision 2014/512/CFSP on restrictive measures imposed as a result of Russia’s actions to destabilize the situation in Ukraine. The EU ...
On Wednesday, 16 November 2016, from 9:30 am – 4:30 pm, Specht & Partner will participate in the JUS Success16 to take place at Juridicum at the University of Vienna Law School. We are particularly pleased to welcome special guests of our firm who will be available to chat with students in our lounge: BRIGITTE EDERER, ÖBB Supervisory Board HEINZ SOMMERBAUER, CEO Austro-Control ...
On January 17, 2015, the Ukrainian law concerning tax amnesty entered into force. The new law entitled, “On Amendments to the Tax Code of Ukraine Regarding Features of Specification of the Corporate Income Tax and Value Added Tax Liabilities in Case of Application of the Tax Compromise,” is the first time in Ukrainian history that the country has offered legal ...
The Parliament of the Republic of Serbia closed its autumn session by adopting, inter alia, the new Energy Law, the Law on Amendments to the Law on Planning and Construction, and the Law on Amendments to the Law on Special Conditions for Inscription of Ownership of Facilities Constructed without Construction Permit. All three laws were published in the Official Gazette ...
SPECHT BÖHM partners Erhard Böhm and Ingo Braun spoke on the specific problems of disclosure and document production in international credit insurance related arbitrations at the Credit Insurance Working Party during the 2014 World Congress of the Association Internationale du Droit des Assurances (AIDA), held in Rome from 29 September to 2 October 2014. The possible disclosure by a credit-insured in ...
EU sanctions against Russia The Council of European Union regulation on new sanctions against Russia entered into force on 1 August 2014. Sanctions will be valid for a year with the possibility of revision after three months since the moment of entering into force. "Actions by natural or legal persons, entities or bodies shall not give rise to liability of any ...
Partner Erhard Böhm was one of the speakers at the roadshow for the presentation of the new 2013 Rules of Arbitration of the Vienna International Arbitral Centre (“Vienna Rules”; “VIAC”). The roadshow took place on 23 January 2014 in Bucharest. It was jointly organized by VIAC and the Court of International Commercial Arbitration attached to the Chamber of Commerce and ...