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Getting The Deal Through

Global overview

Kevin Cooper, Vaughan Wise-Dolpire and Freddie Courtney

MFB Solicitors

Thursday 09 August 2018

Global sanctions

The impact of international sanctions on the global maritime industry has remained a hot topic, particularly following the lifting of certain sanctions against Iran in January 2016 and the US Trump administration’s recent decision to withdraw from that agreement, the recent thawing of relations between North Korea and the international community and Brexit. Indeed, the blockade of Qatar in 2017 by Bahrain, Saudi Arabia and the UAE, among other countries, in what was said to be a response to Qatar’s support of terrorism, is a comparatively recent example of how economic and political measures can have a significant impact on the shipping industry.

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