John M. Peterson
Partner, Highly Experienced Trade and Customs Attorney | Neville Peterson LLP
William Pellerin
Partner, International Trade Sanctions Co-Chair | McMillan LLPTrade Challenges and Opportunities Amid the Wide-Ranging Economic Sanctions | On-Demand Webinar
Broadcast Date: Tuesday, June 20, 2023 from 12:00 pm to 1:00 pm (ET)
Trade compliance is becoming more complex as the economic sanctions regime continuously evolves. Emerging changes are drastically affecting various aspects of international trade such as imports, exports, foreign investments, and oil prices. Recently, Canada has introduced new legislation to include definitions of ownership and control and introduced new rules for seizing and forfeiting assets of Russian nationals, thereby pushing the boundaries of international sanctions law.
In addition, firms should be aware of the increasing frequency of US sanctions resulting from the Ukraine conflict and other global policy shifts and improve their understanding of sanctioned entities’ strategies to circumvent such sanctions. Furthermore, it is crucial for firms to acknowledge the significant emphasis placed by US Customs and Border Protection on enforcing sanctions against forced labor goods and tackling the evasion of trade measures.
Join two thought leaders and distinguished experts in this session organized by The Knowledge Group as they provide a comprehensive discussion of the latest regulatory trends and developments surrounding economic sanctions. Speakers, among other things, will offer practical tips and strategies to successfully navigate this evolving legal landscape.
Key Topics:
- Economic Sanctions Regime: Latest Trends and Developments
- Understanding the Implications of Canada’s new Ownership and Control Amendments
- Identifying the Current Trade Compliance Hurdles
- Practical Tips and Compliance Strategies
- What Lies Ahead
Agenda:
SEGMENT 1:
John M. Peterson, Partner, Neville Peterson LLP
- Firms have to be cognizant of the proliferation of US-issued country, industry, organization and individual-specific sanctions resulting from the Ukraine war and other international policy developments;
- Firms need to get smarter about the ways sanctioned entities try to work around the sanctions;
- The expansion of sanctions against forced labor goods resulting from repeal of the “consumptive demand exception” and the adoption of the Uyghur Forced Labor Prevention Act have become a major enforcement priority for US Customs and Border Protection, which is receiving a massive influx of resources for enforcement;
- Evasion of trade measures has also become a massive target for government regulators.
SEGMENT 2:
William Pellerin, Partner, International Trade, McMillan LLP
- Canada introduces game-changing new legislation to address ownership and control by sanctioned persons. Canada’s new definitions are significantly broader than those in the US and UK;
- Canadian sanctions continue to trip up international business with even limited nexus to Canada;
- Businesses must clearly understand their risk exposure and what their trade compliance processes and commercial tools do, and do not do, to address those risks.
Who Should Attend:
- International Trade and Finance Law Attorneys
- International Trade and Finance Law Consultants
- Legal & Compliance Executives
- Investment Managers and Advisers
- Fund Managers
- Asset Managers
- Economists
- General/In-house Counsel from Multinational Companies
- Top Level Executives from Multinational Companies
CLE Credit:
Course Level: Intermediate
Advance Preparation: Print and review course materials
Method of Presentation: On-Demand Webcast
Prerequisite: General knowledge of international trade law
Course Code: 1410625
NY Category of CLE Credit: Areas of Professional Practice
Total Credit: 1.0 CLE