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Article 2019-12-12
Sanctions update – US imposes sanctions on Ventspils
On Monday, 9 December, the US imposed sanctions imposed on Ventspils Freeport Authority - a by-product of sanctions imposed on the primary target Aivars Lembergs, a Latvian oligarch and mayor of Ventspils. Lembergs is said by the US authorities to own or control the VFA (and three other Latvian entities that also had sanctions imposed on them).
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Article 2019-12-10
Bunker suppliers take note – OFAC publishes updated FAQs regarding the application of Iranian sanctions to the bunker industry
On November 5, 2019 the Office of Foreign Asset Control (OFAC) issued new Frequently Asked Questions (FAQs) clarifying the impact of US sanctions imposed against Iran on the bunkering industry.
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Article 2019-08-23
Civil sanctions - a more proportionate response to environmental offences?
Since 2010, the Environment Agency (EA) has had the ability to impose ‘civil sanctions’ in lieu of criminal prosecution for certain environmental offences.
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News 2019-06-03
Kennedys bolsters global marine and energy practice with hire of 12-strong team
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Report 2019-01-17
London Market Forecast 2019
In a global insurance environment facing change at an unprecedented rate, the London Market’s experience and expertise remains reassuringly consistent. As 2019 promises to continue down this evolutionary path, we offer our predictions on some of the London Market’s priority areas.
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News 2018-11-01
Israel association drives Kennedys’ EMEA expansion
We are pleased to announce that we have increased our presence in the EMEA region through an association with Israeli firm Zelichov, Ben-Dan & Co, with whom we have been working for over ten years.
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Case review 2018-10-31
Sanctions: fear of breach not enough – impact on marine insurers
On 12 October 2018 the Commercial Court handed down judgment in the Mamancochet Mining case.
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Case review 2018-10-17
Sanctions: fear of breach not enough – impact on aviation insurers
On 12 October 2018, judgment was handed down in the High Court in a case concerning whether insurers under a marine policy could rely on a sanctions clause to avoid payment of a first party claim.
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Article 2018-08-07
How US sanctions on Iran will affect insurers
On 8 May 2018, President Trump announced the end of the US’s participation in the Joint Comprehensive Plan of Action commonly known as the Iran nuclear deal, and further announced that the US would be re-imposing sanctions against Iran which had been suspended since 16 January 2016.
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Article 2018-07-31
Trade sanctions: a 'neutral's perspective
Following the US summit between US President Trump and North Korean Supreme Leader Kim Jong-un, we pause here to consider its significance, the impact on US-North Korea relations, and the the position of “neutral” countries on trade sanctions.