Broadcast Date: Tuesday, June 20, 2023
from 12:00 pm to 1:00 pm (ET)

Overview:

Trade compliance is becoming more complex as the economic sanctions regime continuously evolves. Emerging changes are drastically affecting various aspects of international trade such as imports, exports, foreign investments, and oil prices. Recently, Canada has introduced new legislation to include definitions of ownership and control and introduced new rules for seizing and forfeiting assets of Russian nationals, thereby pushing the boundaries of international sanctions law.

In addition, firms should be aware of the increasing frequency of US sanctions resulting from the Ukraine conflict and other global policy shifts and improve their understanding of sanctioned entities’ strategies to circumvent such sanctions. Furthermore, it is crucial for firms to acknowledge the significant emphasis placed by US Customs and Border Protection on enforcing sanctions against forced labor goods and tackling the evasion of trade measures.

Join two thought leaders and distinguished experts in this session organized by The Knowledge Group as they provide a comprehensive discussion of the latest regulatory trends and developments surrounding economic sanctions. Speakers, among other things, will offer practical tips and strategies to successfully navigate this evolving legal landscape.

Key topics include:

  • Economic Sanctions Regime: Latest Trends and Developments
  • Understanding the Implications of Canada’s new Ownership and Control Amendments
  • Identifying the Current Trade Compliance Hurdles
  • Practical Tips and Compliance Strategies
  • What Lies Ahead

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

On-Demand Webcast

 

Prerequisite:

General knowledge of international trade law

 

Course Code:

1410625

 

NY Category of CLE Credit:

Areas of Professional Practice

 

Total Credit:

1.0 CLE

Speaker Panel:

John M. Peterson, Partner
Highly Experienced Trade and Customs Attorney

Neville Peterson LLP

John Peterson has practiced international trade and Customs law since 1977, and has enjoyed every minute of it. His practice embraces all phases of trade law, from counseling and import planning, to representation of clients before government agencies, and litigation in United States and foreign courts. Each new engagement allows him to learn about different industries, products, technologies and people. Whether the practice of law takes him to a high rise office tower in Asia, a factory on a Caribbean Island, or the control room of the Trans-Alaska pipeline, he relishes the opportunity to help clients solve problems and improve their operation.

William Pellerin, Partner, International Trade
Sanctions Co-Chair

McMillan LLP

William Pellerin is a partner in the international trade group. He has extensive experience litigating and advising on matters and disputes before Canadian trade authorities as well as internationally, including with respect to novel use of sanctions laws. He is one of the very few private practice lawyers in Canada to have argued before the WTO Appellate Body and dispute settlement panels.

William is the co-lead of McMillan’s Sanctions team. He advises numerous Fortune 500 companies on complex sanctions matters. He frequently advises multinational companies and funds on issues of ownership and control arising from commercial transactions and financial assets. William is at the leading edge of sanctions developments in Canada, acting for with respect to the first (and to date, only) use of Canada’s new seizure and forfeiture regime.

He is a sought-after commentator and speaker on trade and sanctions matters, and as such is frequently interviewed and cited by Canada’s leading media outlets.

Agenda:

SEGMENT 1:

John M. PetersonPartner

Neville Peterson LLP

  • Firms have to be cognizant of the proliferation of US-issued country, industry, organization and individual-specific sanctions resulting from the Ukraine war and other international policy developments;
  • Firms need to get smarter about the ways sanctioned entities try to work around the sanctions;
  • The expansion of sanctions against forced labor goods resulting from repeal of the "consumptive demand exception" and the adoption of the Uyghur Forced Labor Prevention Act have become a major enforcement priority for US Customs and Border Protection, which is receiving a massive influx of resources for enforcement;
  • Evasion of trade measures has also become a massive target for government regulators.

SEGMENT 2:

William Pellerin, Partner, International Trade

McMillan LLP

  • Canada introduces game-changing new legislation to address ownership and control by sanctioned persons. Canada’s new definitions are significantly broader than those in the US and UK;
  • Canadian sanctions continue to trip up international business with even limited nexus to Canada;
  • Businesses must clearly understand their risk exposure and what their trade compliance processes and commercial tools do, and do not do, to address those risks.

Date & Time:

Tuesday, June 20, 2023

12:00 pm to 1:00 pm (ET)

Who Should Attend:

  • International Trade and Finance Law Attorneys
  • International Trade and Finance Law Consultants
  • Legal & Compliance Executives
  • Investment Managers and Advisers
  • Fund Managers
  • Asset Managers
  • Economists
  • General/In-house Counsel from Multinational Companies
  • Top Level Executives from Multinational Companies
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SPEAKERS

John M. PetersonPartner
Highly Experienced Trade and Customs Attorney
Neville Peterson LLP
William PellerinPartner, International Trade
Sanctions Co-Chair
McMillan LLP

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