Consent to assignment of sanctioned person’s contractual rights did not breach UK sanctions

Siiri Duddington and Reema Shour of Hill Dickinson highlight a High Court decision confirming that liquidators could consent to the assignment of a sanctioned entity’s contractual rights without breaching UK sanctions rules, with the Court treating the rights as an “economic resource” rather than a “fund” and finding that the mere giving of consent did not amount to prohibited dealing.

Read more.