OFAC Removes International Criminal Court-Related Sanctions Regulations

CW
Cadwalader, Wickersham & Taft LLP
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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
In a final rule issued pursuant to Executive Order ("E.O.") 14022 ("Termination of Emergency with Respect to the International Criminal Court"), OFAC removed the International Criminal Court-Related Sanctions Regulations from the Code of Federal Regulations.
United States International Law
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In a final rule issued pursuant to Executive Order ("E.O.") 14022 ("Termination of Emergency with Respect to the International Criminal Court"), OFAC removed the International Criminal Court-Related Sanctions Regulations from the Code of Federal Regulations.

OFAC's action completes the process of dismantling the International Criminal Court-Related Sanctions Regulations initiated by President Biden's E.O. in April 2021. (See previous coverage.) President Biden's E.O. revoked E.O. 13928 ("Blocking Property of Certain Persons Associated with the International Criminal Court"), issued by then-President Trump in June 2020. E.O. 13928 delegated authority to OFAC to promulgate regulations targeting certain actions by the International Criminal Court.

The removal of the International Criminal Court-Related Sanctions Regulations from the Code of Federal Regulations will go into effect on July 6, 2021.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

OFAC Removes International Criminal Court-Related Sanctions Regulations

United States International Law
Contributor
Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
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