The impact of U.S. and E.U. sanctions on your company: risks, lessons learned and best practices for compliance


Date: 07 May 2015
Time: 12.00pm - 2.15pm    Venue: Bird & Bird, 235 avenue Louise, 1050 Brussels


Due to recent developments in world politics and the response by U.S. and E.U. regulators to such changes, economic sanctions are playing an increasingly important role in the decision making of companies in Europe. Recent cases have shown that a violation of sanctions may result in huge fines for the violator. Now, European companies - not only banks, but manufacturers, exporters and service providers - are seeking compliance measures to help prevent and detect violations before the regulators do.

Many U.S. lawyers will insist that all companies require full-scale, U.S.-style compliance programs. Many European companies do not believe compliance changes are worth the expense.

We believe there is a middle ground, a way for a European company to protect itself without over-spending its precious resources.

Bird & Bird and Sheppard Mullin are uniquely positioned to support compliance efforts:

  • Bird & Bird has regulatory and practical compliance experience throughout Europe;
  • Sheppard Mullin has deep expertise on U.S. sanctions regulations, regulators, and enforcement agencies;
  • In the worst case, if there is an investigation, we are capable of scoping an investigation in ways that maximize efficiency by targeting resources to the highest risks;
  • Our understanding of the investigators' culture helps us negotiate lower penalties.

Would you like to attend?

The programme

12.00-12.30

Welcome and introduction: A buffet lunch will be available from 12.00 and during the session

12.30-13.30

Introduction and presentation of the U.S. and E.U. rules, their sanctions, their scope of application and how to comply/defend yourself

Curtis Dombek and Scott Maberry, Partners, Sheppard Mullin

Paul Hermant and Brian Mulier, Partners, Bird & Bird

13.30-14.00

How we organised our company for trade compliance and a few illustrative cases

Kurt Verheggen, General Counsel, Barco NV

14.00-14.15

Questions and closing remarks
 

Location map