LEAP Phone-In Discussion: Trade Sanctions & Antiboycott Clauses In Oil Contracts

03 Jun 2015

Free Phone-In Discussion

Join the experts on June 25th @ 10am EDT for an in depth discussion of the current state of affairs with regards to trade sanctions and antiboycott clauses in oil contracts.

In conjunction with the law firm of Sutherland Asbill & Brennan LLP, LEAP is proud to organize this 1-hour event. Beverly Rudy, a partner in Sutherland’s Energy, Environment, and Commodities Practice, together with Cheryl Aaron, will discuss:

  • Emerging issues with regards to sanctions compliance in the trading of energy commodities
  • Different points of view on drafting sanctions compliance clauses, including:
    • Substantive and jurisdictional scope of trade restrictions compliance
    • Criteria for suspension of performance or early termination
    • Indemnification
    • Coverage of affiliates and non-U.S. persons
    • Savings clause
  • Importance of contractual protections if sanctions-related matters arise

In addition, Beverly and Cheryl will discuss a variety of sanctions and boycott-related clauses found in recent GTCs of major industry participants and highlight how they differ and what the differences mean.

Although there is no charge for this phone-in, REGISTER NOW AS SPACE WILL BE LIMITED.

Registration is now CLOSED

If you are interested in attending or want more info on this topic, please contact Kevin Jandora via [email protected].

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This document is provided by Energy LEAP for the free and voluntary use of market participants.

Energy LEAP’s mission is to enable excellent processing interaction in the energy supply & trading industry while capitalizing on standardization and digital innovation to create lasting efficiencies. More information about Energy LEAP and how to join is available at https://www.energyleap.org/memberships/membership/.

Membership in Energy LEAP is open to energy trading, service and association entities on a nondiscriminatory basis. All members must be legal entities, not natural persons.

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