Worldwide: International Law

In this post we bring you a round-up of recent developments relating to the enforcement of UK trade sanctions breaches, together with news of further Russia-related designations

For decades, discussions surrounding international trade barriers have centred primarily on tariffs. Import duties, customs procedures, and trade disputes have traditionally represented the most visible obstacles facing businesses operating between nations. However, as global trade enters a new phase, Italian exporters are now encountering a different set of challenges which often have a greater impact on competitiveness than tariffs themselves.

The English Court of Appeal has ruled that a state's ratification of the New York Convention does not constitute a waiver of sovereign immunity in enforcement proceedings. Does this decision create obstacles for investors seeking to enforce arbitral awards against states, and what strategies should parties employ when contracting with state entities?