Economic sanctions

In the context of economic sanctions, it is crucial for companies that they receive robust legal advice in their undertaking, given that the economic sanctions are diverse, and their implementation is complex. These sanctions are originally a diplomatic tool used as an “incentive” for the peaceful settlement of certain disputes between states or between States and international organizations. The international sanctions, that have recently attracted the most attention, are those imposed on the Islamic Republic of Iran.

The recourse to a law firm practicing public and private international law with a practical and theoretical understanding of these different regimes is therefore necessary when companies or NGOs wish to work with countries under partial or total embargo, targeted by one or more individual or sectoral restrictive measures.

LTO undertakes, in this respect, to represent companies and organizations for any negotiation before the public authorities, national and international jurisdictions competent in matters related to the application of laws and regulations relating to economic sanctions.

Sophie Gabillot, a partner at LTO, has solid experience in the field of economic sanctions and will therefore be your privileged interlocutor. Her field experience enables her to easily conduct legal audits of your projects in countries subject to sanctions (e.g. Venezuela, Russia, North Korea, Iran, Syria) and will provide you with the most suitable advice to ensure their compliance.

>>>>Contact Sophie Gabillot

The LTO methodology in 3 steps for the treatment of a file:

  1. A remote or physical meeting to discuss with you the project you are considering or the situation you are encountering
  2. An email providing you with an engagement letter summarizing the identified legal issues and comprising our fee proposal
  3. The accomplishment of the mission entrusted

Fees adapted to each situation

The fees are the financial counterpart of the missions accomplished by lawyers. They are established in full transparency according to the nature and the scope of the mission entrusted by the client and accepted by the law firm.

Depending on the type of case handled by LTO, the fees may be set either on an hourly rate basis (the hourly rate in force which is communicated to the client beforehand), or on a flat rate basis (calculated on the base of the time the law firm expect to spend and taking into consideration the applicable hourly rate). Finally, part of the fees may be calculated on the base of the result obtained (success fee). Under French law, lawyers are not allowed to be paid solely on the base such fees.

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