Sanctions
In turbulent times when developments happen that affect the whole world, the activities of companies and financial institutions are disrupted by the sudden imposition of sanctions on any country. The fact that the intensity and severity of these sanctions vary over time causes great uncertainty for the parties affected by them.
In general, sanctions can have various repercussions on individuals or companies, such as freezed assets, disabled financial operations, violated property rights and unfair contract terminations. These adverse effects usually do not occur in a single country but in many jurisdictions at the same time or over a period of time. Therefore, analyzing the risk of sanctions and, if necessary, taking legal action in multiple jurisdictions at the same time is of great importance for the party affected by the sanction or sanctions.
With this scope, some of the services we offer are:
- Due diligence examinations with respect to the effects of the sanctions
- Risk assessment and establishing early risk detection mechanisms for sanctions
- Crisis management and developing strategies
- Reputation management
- Assisting with all legal proceedings regarding the sanctions
- Providing advocacy services regarding the sanctions-related criminal proceedings
- Providing consultancy services regarding the effects of sanctions on international trade operations
- Establishing sanctions-related policies and carrying out compliance procedures
- Assisting with the license application processes
- Providing consultancy on the transformation of existing transactions and operations affected by sanctions
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