At a time when the global financial crisis has severely impacted trade flows and hampered world growth, can the extraterritorial application of economic sanctions find a justification? The long arm reach of law enforcement agencies puts global companies before unprecedented challenges in terms of conflict of laws and regulatory jurisdiction. What is the right balance between the governments’ objective of moving to a safer world and the business reality? How are judges and arbitrators expected to adjudicate a claim against non-performance triggered by foreign economic sanctions?
Conference highlights This Conference provides a unique public-private forum to discuss the extraterritorial application of economic sanctions. Industry leaders and their counsel will make the case to government officials on both sides of the Atlantic on how sanctions could be better conceived and applied.