The UK has today issued a General Licence, intended to permit UK Designated Persons to make certain payments to Companies House. Specifically, the new General Licence permits Designated Persons (and those owned/controlled) as well as financial institutions and payments providers on their behalf, to make payments required upon filing a confirmation statement and any penalties […]
Author: G
UK Trade Sanctions – Licences for “divestment from Russia”
Regulation 65 of the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Regulations”) allows the granting of licences in order to authorise acts which would otherwise be in breach of the various trade related restrictions contained within the Regulations. Responsibility for trade sanctions licensing in the UK sits with the Department for Business and Trade (DBT). […]
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