Assessing and managing the impact of economic sanctions on commercial contracts

Recent years have seen Western governments introduce a number of new economic sanctions regimes, often in response to instability in the Middle East, North Africa and the former CIS. These sanctions usually extend to entities controlled by persons (real and legal) resident in the targeted country, and prove a real headache for industry and commerce by interfering with existing or pending contractual arrangements.

In this article, first published by Practical Law, Jonathan Fisher QC and Adam Baradon consider to what extent under the law of England and Wales economic sanctions can be said to end, rather than suspend, existing contractual arrangements.

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