Impact of the Russia and Ukraine Conflict on the Financial Services Industry

As the U.S., UK, EU and other allies impose new sanctions and export controls on Russia, regions of Ukraine, and Belarus, financial institutions and fintech companies around the world are assessing the potential impact of these restrictions, including, among others, on global payment systems, investment considerations, account and asset forfeitures, and other contractual relationships. The complexities of this situation are vast with great country variance on implications. 

In this session, Christine Savage of our leading International Trade Practice, will provide a brief overview of the sanctions relevant to financial services and practical steps companies can take to navigate the fast-changing landscape. Thomas Sprange QC, of our International Disputes Practice, will discuss the impact of sanctions on ongoing commercial activities and looming issues of frustration and the act of state doctrine.

To request an invitation or if you have any questions, contact Teresa Hunter at thunter@kslaw.com.