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Further to our previous sanctions newsletters we herewith inform about recent sanctions developments as follows.
Advokatfirman Hamilton & Co
The Swedish insurance industry has a long history and the Swedish insurance market has previously distinguished itself as a closed market dominated by small number of domestic companies. However, during the past decade Sweden has gradually opened the insurance market to both domestic and foreign competition
European Union
Lindahl
On 18 December 2023, the European Commission adopted a new package of sanctions against Russia (the twelfth) through amendments to Regulation (EU) 833/2014 ("the Regulation").
Baker & McKenzie
On 24 October 2017, the Swedish government proposed stricter rules on weapon export. The proposal suggests that the destination country's democratic status shall be of central consideration in a licence application.
Mannheimer Swartling
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