As expected, the UK Government yesterday revoked the Burma/Myanmar (Financial Restrictions) Regulations 2009. These regulations contained criminal penalties for breaches of financial sanctions. The practical effect is that there are no more asset freezing and financial sanctions in respect of Myanmar. However, the arms embargo remains in force for at least one more year.
Key contacts
Andrew Cannon
Partner, Head of International Arbitration, London and Paris
Christian Leathley
Partner, Head of International Arbitration, US, London and New York
Dr. Patricia Nacimiento
Partnerin, Germany
Amal Bouchenaki
Partner, New York
Laurence Franc-Menget
Partner, Paris
Gitta Satryani
Managing Partner, Singapore Office, Singapore
Lode Van Den Hende
Consultant, Brussels and London
Hannah Ambrose
Partner, London
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