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On 3 March 2011, Clifford Chance published a client briefing "Sanctions affecting Libya" outlining the first regulations with sanction provisions relating to the current situation in Libya. Since then, on 17 March 2011, the United Nations Security Council...

A new law aimed at improving the safety of medicines and health products was published in the Official Journal dated 30 December 2011 (the "Ethics law"). The Ethics law aims at restoring public confidence in medicine approval processes and reforming...

On 14 December 2011, the tenth anniversary of the entry into force of specific money laundering prohibitions in the Dutch Criminal Code ("DCC") was marked. Just two weeks before the conversion to the euro a new, broadly defined offence was implemented...

Recently the Financial Action Task Force has published the report of the mutual evaluation of the Netherlands, assessing its level of compliance with the FATF requirements for anti-money laundering and combating the financing of terrorism. It describes and analyses...

Direct expropriation or nationalisation is on the rise again. In mid-April, Argentina dramatically announced the nationalisation of most of Repsol's 57.4% stake in Argentina's biggest oil group, YPF. YPF's interests include rights to the valuable...

New rules have been proposed in Europe for disclosure of payments to governments by natural resources undertakings, both listed and unlisted. If you're negotiating concession agreements today, it's time to start preparing.     Summary ...

On April 1, 2011, in a rare judicial ruling on the reach of the Foreign Corrupt Practices Act (FCPA), a US District Court in California confirmed that employees of state-owned or state-controlled entities (SOE) can be included in the term "foreign official."...

US sanctions against Myanmar have been eased but with new opportunities come new obligations. All US Persons making significant new investments in Myanmar will be required to report annually on a range of responsible investment criteria, including steps taken...

With effect from 1 January 2013, Federal Law No. 273-FZ "On Preventing Corruption" (the "Anti-corruption Law") was amended to introduce requirements that companies implement anti-corruption measures. Article 13.3 of the Anti-corruption Law...