Sanctions are now central to international arbitration. Nearly 25% of ICC cases in Q1 2024 involved sanctions, and the trend is expected to continue through 2026. Russia-Ukraine sanctions, Iran re-sanctions (2025), and European blocking regulations create substantial legal complexity.
Our experts analyse Russia/Ukraine sanctions, Iran sanctions reintroduced in 2025, UK OFSI implementation, EU and US sanctions interaction, blocking regulations, contract frustration, force majeure in sanctions context, and award enforcement challenges.
Political risk experts explain the geopolitical context of sanctions implementation, the regulatory framework, and the impact on contractual performance, helping tribunals understand whether force majeure or frustration applies in the specific sanctions context.
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Frequently Asked Questions
What role does a political risk expert play in sanctions arbitration?
In sanctions-related arbitrations, political risk experts explain the geopolitical context of sanctions implementation, the regulatory framework, and the impact on contractual performance, helping tribunals understand why obligations could not be performed and whether force majeure or frustration applies in the specific sanctions context.
How do blocking regulations affect arbitration?
The interplay between EU and UK blocking regulations, secondary sanctions, and Chinese countermeasures poses substantial challenges for arbitrators, with many disputes still going through case management phase. Political risk experts provide analysis of the applicable regulatory framework and its impact on parties' contractual obligations.