Description
This talk will cover the following topics:
(1) Sanctions — the Malaysian chapter;
(2) Impact of sanctions in international trade agreements and shipping contracts;
(3) Historic overview of sanctions — the “economic weapon”;
(4) Office of Financial Sanctions Implementation (“OFSI”) in the UK, Office of Foreign Assets Control (“OFAC”) in the US, European Union and United Nations sanctions;
(5) Current sanctions (including those against Russia);
(6) Russian oil price cap, and its circumvention — the “dark fleet”;
(7) Control — ownership test;
(8) Self-sanctions;
(9) Case study; and
(10) Recent cases.
Speaker
Dr Arun Kasi practises shipping law in Malaysia and England. In Kuala Lumpur, he heads his maritime law firm, Arun Kasi & Co, and its London desk. In England, he is barrister with 4-5 Gray’s Inn Square, London. He regularly appears before the Malaysian and English courts, and arbitral tribunals around the world including Malaysia, London, Singapore and Brunei. He is an arbitrator on the panel of Asian International Arbitration Centre (“AIAC”).
Arun is an adjunct professor of shipping law in the Gujarat Maritime University, and has written books and articles on shipping law and arbitration. A recent major book of his published in Singapore by Springer in 2022 is The Law of Carriage of Goods by Sea.
Arun is ranked for shipping practice by Legal 500 and by Chambers and Partners.
Akshay Misra is a senior maritime and sanctions solicitor in the London office of Penningtons Manches Cooper, an international law firm with offices throughout England, Europe and Singapore. He is ranked by Chambers and Partners, and is the vice-chair of the Indian Maritime Association UK and a member of the British Japanese Law Association.
Akshay is recognised for his experience in maritime arbitration, commercial litigation and multi-jurisdictional matters. He works with shipowners, charterers, ship managers, protection and indemnity (“P&I”) clubs, and brokers, and has handled a portfolio of litigation, arbitration and transactional matters. He has negotiated the release of vessels detained by local authorities and overseen transshipment contracts and exercises.
Akshay regularly advises shipowners and charterers on sanctions risk and works with investigative agencies on sanctions related matters.
Terms and Conditions
Event Policy
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Transferral
You are allowed to transfer your place to another participant, but you must notify the organiser with the necessary details.
Attendance
CPD points will not be awarded to lawyers and pupils in chambers from Peninsular Malaysia who arrive more than 15 minutes late, are not present throughout the event, or leave before its scheduled end.
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