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Related news & insights - Akshay Misra

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......>>
No Russia clause – what is it and when is it needed?
Posted: 11/04/2024
Following the European Union’s 12th package of sanctions, among the measures adopted by the European Council was the introduction of a new requirement under Article 12g of EU Regulation 833/2014. It means that EU exporters and suppliers are obliged to include relevant wording in certain sales contracts prohibiting the re-export of restricted......>>
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......>>
The Polar – pay the premium and still be liable
Posted: 29/01/2024
The Red Sea is currently the subject of seemingly indiscriminate missile and drone attacks on commercial vessels while the war in Ukraine is nearing the end of its second year. Amid multiple global crises, maritime parties must increasingly apply their minds to war risks considerations, and charter party clauses stipulating that charterers must meet......>>
EU Emissions Trading System – changes for the maritime sector in 2024 and beyond
Posted: 06/12/2023
From 1 January 2024, changes to the EU Emissions Trading System (EU ETS) will mean new responsibilities for the maritime sector. The EU ETS, set up in 2005 to reduce greenhouse gas emissions, is seen as the cornerstone of the European Union’s strategy to tackle climate change head on. It is a cap-and-trade system and said to be......>>
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......>>
Shipping trio joins Penningtons Manches Cooper from Ince & Co
Posted: 02/10/2023
Penningtons Manches Cooper has recruited a team of three specialist shipping lawyers from Ince & Co. Paul Crane will join as a partner, William Chetwood as a senior counsel, and Akshay Misra as a managing associate. A current Ince & Co trainee will follow the trio and arrive at the firm in the coming weeks. Bringing extensive combined maritime......>>

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