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Related news & insights - Josh Hoare

The EU’s 15th package of sanctions – what has changed?
Posted: 10/01/2025
On 16 December 2024, the EU Council adopted a 15th package of sanctions against Russia. The 15th package modifies Council Regulation (EU) numbers 269/2014 and 833/2014 by introducing new restrictive measures on an additional 54 individuals and 30 entities, amending derogations under the main asset freeze related to Russia, and by......>>
Price Cap Coalition: updated advisory for maritime industry aims to prevent sanctions evasion
Posted: 25/10/2024
The Price Cap Coalition, which comprises the G7, EU, Australia and New Zealand, has updated its advisory for both government and private sector stakeholders in the maritime industry, setting out best practice recommendations to tackle sanctions evasion......>>
The UK’s new Office of Trade Sanctions Implementation – UK announces new civil enforcement body for trade sanctions
Posted: 08/10/2024
In October 2024, the UK government plans to launch the Office of Trade Sanctions Implementation (OTSI) within the Department for Business and Trade (DBT). OTSI will be responsible for civil enforcement of certain trade sanctions and have powers to impose monetary penalties, a power that was previously held by HM Revenue & Customs (HMRC)......>>
The EU’s 14th package of sanctions – what has changed?
Posted: 10/07/2024
On 24 June 2024, members of the European Union agreed to issue a 14th package of sanctions against Russia. This is in tandem with recent updates from the UK and US earlier in the month. The 14th package amends Council Regulation (EU) number 269/2014 by introducing new restrictive measures on an additional 69 individuals and 47 entities......>>
‘Big Kahuna’ - the proper forum for a limitation claim does not default to the jurisdiction of the tort
Posted: 25/04/2024
In Zurich Insurance Company Limited & Ors and Halcyon Yacht Charter LLP & Ors [2024] EWHC 937 (Admlty) (BIG KAHUNA), the English Admiralty Court confirmed the well-established principle that a shipowner is afforded the right to limit their liability in a separate jurisdiction to where an underlying substantive claim is tried (or arbitrated).
Russian sanctions – EU’s 12th package and UK updates: what the shipping industry should be aware of
Posted: 19/02/2024
The European Union’s 12th package of sanctions against Russia have come into force today, following adoption by the European Council on 18 December 2023. A few days earlier, on 14 December 2023, the UK government also introduced legislation through Amendments Nos 4 and 5 to further sanctions against Russia. This article......>>
UK sanctions update - joint guidance from the OFSI and FCDO on ‘ownership and control’ and the High Court issues binding decision
Posted: 27/11/2023
Further clarification on the ‘ownership and control’ test has been provided by the Office of Financial Sanctions Implementation (OFSI) and Foreign, Commonwealth & Development Office (FCDO), as well as by the High Court in a recent decision. The High Court has rejected the suggestion that Vladimir Putin could be viewed to ‘control’......>>
Sanctions: the 'ownership and control’ test and judgments in favour of sanctioned parties – the Court of Appeal has its say
Posted: 10/11/2023
A significant and arguably controversial ruling relating to the UK-Russia sanctions regime and the ability of a sanctioned person to litigate in the English courts has recently been handed down by the Court of Appeal. The judgment confirmed that UK sanctions legislation does not prevent the entry of a judgment against a sanctioned person......>>

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