Ukraine: a brief primer on sanctions, expropriations and state break-ups

The purpose of this brief note is to help market participants make contingency plans where the political crisis involving Ukraine results in sanctions and embargoes, exchange controls, expropriations and the break-up of Ukraine.

The focus is on the legal impact these events might have on financial contracts, such as bond issues, bank loan agreements, deposits and investments. The note does not deal with wider political and economic consequences, such as the impact on a country’s economy and its banking system.

Allen & Overy sketches in the private law and the public international law background without applying them to the particular circumstances of Ukraine from day to day. The situation is moving quickly. What is needed is a steady framework that is not subject to daily change…

Click on the link below to read the rest of the Allen & Overy briefing. 

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