07Sep 18

Economic Sanctions and International Arbitration

Brussels, Belgium, • English

Even if parties are subject to the applicable sanctions regulations, they are not prevented from filing a request under ICC dispute resolution rules. But what about practicalities?

Description

In recent years, more than ever before, governments and supranational organizations have resorted to international sanctions as a tool of foreign policy and international economic governance. For instance, the United States’ recent decision to withdraw from the Iranian nuclear deal. As a result of the latter, companies review existing agreements with Iranian counterparties, or that involve Iran-related activities, and assess what steps may be required to terminate the agreements. But exiting agreements can mean facing risks of litigation for breach of contract.

Due to its international activity and exposure, ICC Dispute Resolution Services is bound to operate in conformity with applicable sanctions regulations, such as those imposed by the United Nations (UN), European Union (EU) and Office of Foreign Assets Control (OFAC). This sanctions regime is equally applicable to all dispute resolution institutions notably in the EU, Switzerland and the United States (US). Even if parties are subject to the applicable sanctions regulations, they are not prevented from filing a request under ICC dispute resolution rules. But what about practicalities?

Programme

14:30Welcome and introduction
14:40Global overview on economic sanctions
15:00Contractual implications
15:20Practical impediments
15:40Panel discussion
16:00Q&A
16:30Cocktail

Speakers

Niuscha Bassiri (Chair)Partner, Hanotiau & van den Berg, Brussels, Belgium
Mathias AuditLaw Professor, Université Paris 1 Panthéon-Sorbonne, and Partner, Steering Legal, Paris, France
Clemens HeuschHead of European Litigation, Nokia, Munich, Germany
Emmanuel JolivetGeneral Counsel, ICC International Court of Arbitration, Paris, France
Marco PadovanPartner, Studio Legale Padovan, Milan, Italy

Logistical notes

Venue

FEB,
Rue Ravenstein 4,
1000 Brussels,
Belgium

Registration

Icc Economic Sanctions International Arbitration

For more information, please contact

  • ICC Belgium
  • +32 2 515 09 33
  • National committee
  • Julie Deré
  • +32 2 515 09 33
  • Executive Assistant