ARTICLE
10 March 2011

Export Control Law

OP
Oppenhoff

Contributor

Oppenhoff is one of the leading independent law firms in Germany. We master the complex challenges of today and tomorrow - building on the experience of over 110 years of law firm history.

Our aspiration: through personal and comprehensive advice, we create economic added value and the best possible solutions for a changing world.

In view of the situation in Tunisia, the Council of the European Union has issued a regulation on restrictive measures directed against certain persons, entities and bodies.
Germany International Law

In view of the situation in Tunisia, the Council of the European Union has issued a regulation on restrictive measures directed against certain persons, entities and bodies.

The mechanisms are the instruments that have already been applied in similar regulations on the freezing of funds and economic resources owned or held by the natural and legal persons, entities and bodies listed in the Annex to the Regulation.

This is supplemented by the prohibition of directly or indirectly making funds or economic resources available to the listed natural and legal persons, entities and bodies (Article 2 (1) and (2) of the Regulation).

Articles 4 and 5 of the Regulation stipulate approval criteria pursuant to which, subject to strict conditions, exceptions to the prohibitions of Article 2 can be permitted.

In practical terms, one must ensure that the new restrictive measures against natural and legal persons, entities and bodies of Tunisia are implemented in the existing screening processes.

The text of Council Regulation (EU) No. 101/2011 can be retrieved here.

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.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More