UK Sanctions – legal services

Prohibitions on transactional legal advisory services

On 30 September 2022, the UK government announced a new package of sanctions targeted at vulnerable sectors of the Russian economy under which Russia will lose access to major western services, including transactional legal advisory services for certain commercial activity.

General Licence INT/2022/2252300

On 28th October the Office of Financial Sanctions Implementation (OFSI) issued a general licence which allows notaries to get paid for the legal advice that they have provided to a designated person. The general licence expires on 27 April 2023.

Notaries who may provide services to a sanctioned person in relation to Russia or Belarus will not need to wait for an OFSI specific licence before receiving payment, provided the terms of the licence are met.

Notaries are still required to report to OFSI and will need to carefully consider the terms of the licence.

Further information is on the OFSI website.