In this weekly update, we summarise the most notable updates in the
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UK Government updates guidance on third country processed Russian diamonds measures: OnMay 21, 2024 , theUK Government updated its guidance on third country processed Russian diamonds measures. In particular, the provision of a verification certificate issued by the Federal Public Service Economy at the Diamond Office inAntwerp, Belgium was added as an additional example of documentation demonstrating supply chain history of diamonds processed in third countries. (Guidance on third country processed Russian diamonds measures - GOV.UK (www.gov.uk))UK High Court issues judgment in Magomedov vTransneft : OnMay 21, 2024 , theUK High Court granted a continuation of an anti-anti-suit injunction against aMoscow court judgment, pending an English court's decision about whetherEngland has jurisdiction to decide the underlying dispute. The underlying dispute relates to proceedings brought byMr Magomedov and a BVI company he owns in theUK againstTransneft for conspiracy to remove Magomedov's interest inPJSC Novorossiysk Commercial Sea Port . AMoscow court previously grantedTransneft an anti-suit injunction against these proceedings on the basis that US andUK sanctions onTransneft have the effect of limitingTransneft's access to justice in an English court. (Magomedov & Ors v PJSC Transneft & Ors [2024] EWHC 1176 (Comm) (21 May 2024 ) (bailii.org))UK Government publishes guidance on sales of oil tankers to third countries under theRussia regime: OnMay 21, 2024 , the ECJU published guidance for parties involved in the sale and brokering of second-hand vessels to third countries. Among other things, the guidance provides information and tools to counter Russian sanctions evasion. (Russia sanctions: sales of oil tankers to third countries - GOV.UK (www.gov.uk)) (NTE 2024/11:Russia sanctions - Sales of oil tankers to third countries - GOV.UK (www.gov.uk))UK Parliament debates Russian sanctions: OnMay 20 andMay 21, 2024 , the House of Commons andHouse of Lords debated the efficacy and circumvention of Russian sanctions. Among other things, theUK government stated that it expects the first OFSI monetary penalties in connection withRussia sanctions imposed sinceFebruary 2022 to be imposed later this year. (Russia : Sanctions - Hansard -UK Parliament)(Ukraine - Hansard -UK Parliament)UK Government updates list of companies approved to Open General Trade Control Licence (maritime anti-piracy): OnMay 24, 2024 , theUK Government updated the Open General Trade Control Licence (OGTCL) (maritime anti-piracy): registered companies list to addOpen Ocean Services Ltd (OOS) and remove areProtection Vessels International Limited andSolace Global Maritime Limited . The listed companies are registered and approved to use the OGTCL. (https://www.gov.uk/government/publications/open-general-trade-control-licence-maritime-anti-piracy-list-of-registered-companies)UK announce transition of export declarations from Customs Handling of Import and Export Freight (CHIEF) system to the (new) Customs Declaration Service (CDS): OnMay 21, 2024 , the Export Control Joint Unit (ECJU) issued a notice to exporters station that all export declarations are due to move from CHIEF to CDS byJune 4, 2024 . From that date onwards, HMRC not be able to accept the single administrative document (SAD) form that is currently submitted on CHIEF and an electronic export declaration will need to be submitted on CDS instead. (NTE 2024/12: Export declarations move from CHIEF to CDS from4 June 2024 - GOV.UK (www.gov.uk))UK issues new regulations prohibiting designated persons from acting as directors ofUK companies: OnMay 16, 2024 , the Sanctions (EU Exit) (Miscellaneous Amendments and Revocations) Regulations 2024 came into force and onJune 5, 2024 , the Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2024 will come into force. These regulations prohibit DPs from acting as directors ofUK companies and grant a power to the Secretary of State to issue licences in relation to director disqualification sanctions. (The Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2024 (legislation.gov.uk)) (The Sanctions (EU Exit) (Miscellaneous Amendments and Revocations) Regulations 2024 (legislation.gov.uk))
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