NEWS / Affiliate / Russia Sanctions: Your Questions Answered

Affiliate
Moscow

12 MAY 2022

RUSSIA SANCTIONS: YOUR QUESTIONS ANSWERED

Members are invited to a webinar from ACE legal affiliate, Beale & Co

ACE members are invited to a webinar on working in Russia, delivered by ACE affiliate, Beale & Co on Thursday 19 May 19 at 12:30pm.

In response to the invasion of Ukraine, the UK and EU have swiftly imposed waves of sanctions against an increasing number of Russian entities and individuals. This has caused confusion and concern for construction and engineering companies involved in projects with a Russia dimension (in terms of client ID, financing or location).

Within the past ten years, Russia has developed into an important market for construction opportunities. Despite that, guidance issued by Government bodies often fails to address the questions which construction and engineering companies have, including:

  1. Can we be paid for services provided under a contract with a Russian client?
  2. Do we need to stop performing our contract? Could we be sued for suspension?
  3. Are we still insured for work carried out?
  4. What penalties could we face for breaching the sanctions rules? Are directors and employees at risk?

This has left many construction companies working in the region in limbo.

Drawing on ACE affiliate Beale & Co's experience of advising on the Russia sanctions rules, this webinar open to ACE members is hosted by Paul Henty and Kathryn Willis and will explain the application of the sanctions rules to the sector and deal with some of the FAQs which have been put to us by clients since the beginning of hostilities in Ukraine.

Book your free place today.

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Beale & Co, offers a specialist advice line to all ACE members. Their 20-minute free service gives you early advice and direction from a specialist, helping you to keep within timescales and address issues before they escalate.

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