One of the most interesting areas of work which we undertake is in the giving of advice about trade restrictions, sanctions and embargoes to firms in the UK and overseas. UK firms ask for advice about navigating the control lists, the Export Control Act 2002 and the associated Export Control Order 2008, especially schedules 3 and 4 (dual use and countries and designations subject to stricter export and trade controls).
Our overseas instructions are often concerned with export and re-exports to areas of the world subject to sanctions, whether certain goods breach those restrictions and what liabilities may occur if manufacturers' goods find their way into restricted areas. The recent increase in cargo inspections at certain key ports and tighter rules on transactions with banks from territories subject to renewed sanctions have caused many more firms to pay closer attention to the instruments that purport to give power to inspections and licensers; a number of export firms are suffering huge losses and want advice about how to stay on the right side of export controls whilst maintaining as much trade as permissible. Our asset freezing knowledge has also helped companies and individuals who have had their accounts frozen pursuant to UN resolutions.