ABA Corporate Member Fieldfisher has published a report on the sanctions recently imposed by the US on Russia, and offers guidance on who is affected, and the range of transactions that are targetted.
Resources on IBORs, Sanctions, Fintech and more
ABA Corporate member Fieldfisher, a law firm, has a range of research publications on current financial issues on its website.
For example, the firm has a 'micro site' dedicated to Interbank Offered Rates (IBORs) that explains the background and issues behind the ending of IBORs and current initiatives to replace them. The site addresses the use of new benchmarks throughout financial markets, from loans through to derivatives and asset-backed securities. The site explains the technical differences between Risk Free Rates (RFRs)and IBORs, and the dates on which RFRs are being introduced.
Fieldfisher also has a Sanctions Spotlight micro-site which describes recent developments on international sanctions. For example, a recent post provides an updated on DASKAA ('Defending American Security from Kremlin Aggression Act') which has been re-introduced into the US Senate. (DASKAA first appeared in August 2018 but was not put to a vote.) Described by some as 'The Sanctions Bill from Hell', DASKAA would introduce tough new sanctions on the Russian oil and gas sector and on dealings in Russian debt. Dealings with oligarchs, and their families, who act on behalf of President Putin (directly or indirectly) would be affected.
The Arab Bankers Association's principal contact with Fieldfisher is Vivien Davies, who is a partner in the firm. Her contact details are:
Direct phone: + 44 207 861 4719
Mobile: + 44 7464 486445
More in News
ABA Corporate member, Fieldfisher, has published an update on remaining US sanctions on Iran, and the opportunities that are opening up for both US and non-US firms to do business with Iran.
The British Ministry of Justice has announced plans to consider whether to extend the scope of the offence of 'failing to prevent' a crime beyond bribery and tax evasion. ABA Corporate Member Fieldfisher has produced a short briefing note to explain what might happen.