ABOUT US GEOGRAPHIES CAREERS DIVERSITY PEOPLE SERVICES NEWS THOUGHT LEADERSHIP INFO HUBS + SHARE PRINT Economic Sanctions and Export Controls (EU) OVERVIEW EXPERIENCE PEOPLE For several years, the EU has increasingly used economic sanctions against third countries such as Iran, Syria, Ivory Coast or Belarus as a foreign policy tool. The EU does not merely implement the UN sanctions but imposes autonomous sanctions, targeting specific persons, industries, or products. The sanctions apply to all companies with operations in the EU, and failure to comply with the sanctions can result in heavy fines and reputational damage for companies, and imprisonment for the individuals involved. Navigating EU sanctions and export control regimes is complicated and full of pitfalls. The sanctions use many broad and undefined concepts, there is little official guidance on the interpretation of these concepts, and precedents are rare. Moreover, enforcement is decentralized and is in the hands of the 28 Member States, some of which have even delegated it to regional authorities. We have considerable experience in advising clients on all aspects of the operation of the economic sanctions imposed by the EU, as well as EU and national export control laws. Our lawyers in Europe and the U.S. provide seamless advice on EU and U.S. issues. Where necessary, the team also coordinates advice on sanction regimes imposed by other jurisdictions such as Canada, China or Australia. Our experience covers the full range of issues that arise in the context of EU economic sanctions and export controls: Advising clients on the permissibility of specific transactions or payments Conducting trade compliance audits, risk assessments, and due diligence Developing trade compliance manuals and providing trade compliance training Representing clients in investigations before national authorities and courts The team has assisted clients in a broad range of industries such as oil and gas, pharmaceuticals, medical devices, construction, basic industries and financial institutions. Contacts Chris Caulfield Partner VIEW ALL RELATED PEOPLE Practices Customs (EU) Customs, Anti-dumping and Countervailing Duty Services (U.S.) EU Antitrust Counseling EU Competition Law EU Competition Litigation EU Intellectual Property/Antitrust EU Merger Control + 5 More Highly Commended in the category of "Sanctions Law Firm of the Year – Europe" 2018 People By Last Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Services Sectors Energy Technology Practices / Industries Antitrust & Competition Law Banking and Finance Corporate Enforcement and Investigations Environmental Law Intellectual Property Litigation Manufacturing Projects Real Estate Regulatory Tax Experience Practices / Industries Experience Antitrust and Competition Law Banking and Finance Corporate Enforcement and Investigations Environmental Law Intellectual Property Litigation Manufacturing Projects Real Estate Regulatory Tax View All > Regions Experience Asia Pacific Europe Latin America and Caribbean Middle East and Africa North America Russia and The CIS Info Hubs Energy Coronavirus Response Group PTAB Trials Technology News Media Resources News Coverage News Releases Interviews Recognitions Subscribe Thought Leadership External Articles Firm Thought Leadership Speeches & Presentations Videos, Webinars & Podcasts Events Events Geographies Austin Brussels Dallas Dubai Hong Kong Houston London Moscow New York Palo Alto Riyadh San Francisco Washington D.C. © 2021 Baker Botts L.L.P. DisclaimerAttorney AdvertisingCookiesPrivacy PolicyRegulatory InformationStatement on Modern Slavery Site Map Contact UsSubscribe If you choose to continue browsing this website, you are giving implied consent to the use of cookies. Accept