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Services / SANCTIONS

SANCTIONS

NSP advises Russian and international clients on sanctions and compliance: we draft internal risk management documents, support interactions with Russian and foreign authorities, and assist with sanctions-lifting procedures.

Sanctions matters are always inherently complex. We quickly address the most challenging situations and protect business from financial and reputational losses. The NSP team combines in-depth multidisciplinary expertise (sanctions, taxes, litigation, corporate and commercial law) with the access to foreign colleagues and finds the effective solutions.

Main areas of specialization:

Removal from the US and EU sanctions lists
Corporate restructuring to sustain efficient business operations in the context of sanctions
Structuring transactions in light of sanctions against Russia and Russian counter-sanctions
Sanctions and regulatory risk assessment
Development and implementation of the sanctions compliance system
Sanctions due diligence of counterparties, supply chains, and investment targets
Management of the client’s public positioning and reputation, including for the purposes of banking compliance and international databases
Training of relevant company managers and employees in the basics of sanctions law and compliance

Key Contacts

Facts and figures:

RUB 900bn+
in client assets NSP lawyers have advised on in sanctions-related matters
200+
media commentaries on sanctions issues

Cases

  • NSP team advised a major electric power producer on the impact of sanctions on contracts with foreign customers.

 

  • NSP lawyers led the first-ever class action lawsuit and several individual actions against Euroclear and Clearstream.

 

  • NSP lawyers drafted a memorandum for their client, a company that is a part of a leading Russian oil and gas corporation, assessing the US and EU sanctions exposure.

 

  • NSP conducted sanctions compliance checks of the client’s potential counterparty, a Chinese company (a gas turbine manufacturer) and of the gas turbine supply contract.

 

  • NSP lawyers advised a Russian holding company on the impact of EU, US, Canadian and Japanese sanctions against counterparties of the client’s subsidiaries.