The Economic Sanctions in the Global Economy Conference provides a unique public-private forum to discuss the extraterritorial application of economic sanctions.

Organized under the auspices of the International Chamber of Commerce (ICC) Institute of World Business Law, the conference provides a unique public-private forum to discuss the extraterritorial application of economic sanctions and issues such as how judges and arbitrators are expected to adjudicate a claim against non-performance triggered by foreign economic sanctions. The conference will take place in Paris on 25 June 2012.

Leading government officials from both sides of the Atlantic and top decisionmakers at global companies will make the case to government officials on both sides of the Atlantic on how sanctions could be better conceived and applied.

“Economic sanctions in the global economy are an important topic that raises complex international law issues,” said Nicolas de Riviere, Assistant Secretary for the United Nations, International Organizations, Human Rights and Francophonie, and Ministry of Foreign Affairs, Paris. “The ICC Institute is uniquely qualified to organize an open dialogue bringing together governments and the business sector with a view to assessing the impact of sanctions and work together towards achieving more efficiency while understanding the reality of business.”

During the conference, an unprecedented open public-private forum will be offered to discuss the extraterritorial application of economic sanctions. Participants will also have the opportunity to examine the effect of, and justification for, economic sanctions in order to shed light on what is the right balance between government objectives for a safer world and the reality experienced by business.

“It is critical, especially during the current economic crisis, that trade flows be as open as possible, for the well-being of all business. From another perspective, judges and arbitrators need to know how to deal with claims for non-performance caused by foreign economic sanctions,” said Yves Derains, Chairman of the ICC Institute of World Business Law, Partner at Derains & Gharavi and Co-Chair of the Conference.

The conference is aimed at lawyers, compliance officers, bank executives, general managers, payment and treasury officers as well as government officials and academics.

To learn more about the conference, view an interview with Georges Affaki, Vice-Chair of the ICC Banking Commission:

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