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A Cautionary Tale – Exxon Mobil wins rare victory in US sanctions matter
This note reports on an interesting and important US federal court decision concerning sanctions enforcement and, significantly, a rare instance of a business challenging OFAC’s interpretation of a US sanctions regime. Exxon was successful in voiding a US$2 million sanctions penalty. However, for the rest of us this case demonstrates why caution around sanctions remains of paramount importance.
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Augusto Garcia Sanjur’s article ‘The Panama Canal Expansion: Adaptation of Contracts’ is published Penn State Law University.
Augusto Garcia Sanjur’s article The Panama Canal Expansion: Adaptation of Contracts is published in the Arbitration Law Review (Volume 11, Issue 1) of his university, Penn State Law.