Banking Liability and Interruption of Prescription in Belgian Law: Lessons from a Court of Appeal Decision

A decision by the Mons Court of Appeal[1] allowed us to review the notion of interruption of prescription, a fundamental principle in Belgian civil law. This case illustrates the rules applicable to the starting point of prescription and the conditions necessary to interrupt it. The Starting Point of Prescription in Belgian Law In contractual matters, the... Continue Reading →

Annulling EU Council Decisions on DRC: Cases T-89/23 and T-88/23 Explained

The European Union Court annuls the Council's decisions on restrictive measures for peace in the Democratic Republic of The Congo due to lack of updated assessment and well-founded reasons for Mr. Kande and Mr. Boshab. The Council failed to provide an updated assessment of the applicants' situation and establish the validity of maintaining restrictive measures against them.

OFAC Sanctions : press release (over 300 new sanctions issued across Treasury and State)

The U.S. Treasury has imposed new measures to heighten pressure on Russia, targeting its financial and technological access as well as individuals and entities supporting its military efforts. In a separate move, the U.S. has also sanctioned four individuals associated with ISIS, in collaboration with Türkiye. Violating these sanctions can lead to severe legal implications, with strict restrictions on transactions involving the sanctioned individuals.

Understanding EU Restrictive Measures: Rights, Recourses, and Banking Obligations

EU restrictive measures, or EU sanctions, are essential tools in the EU's foreign policy arsenal, designed to promote peace, security, and human rights. However, these measures can significantly impact individuals, law firms, sanctioned banks, and businesses listed under these sanctions. Discover how EU sanctions work, the legal recourses available to those affected, and the crucial role banks play in compliance. Read on to understand the complexities of EU restrictive measures and how to navigate them effectively.

Le cautionnement à titre gratuit : une notion factuelle

Se porter caution des engagements d'une société à l'égard de la banque est un engagement important. Ce n'est qu'à certaines conditions qu'il est possible de s'en délier une fois qu'un débiteur n'a pas exécuté ses obligations. Focus sur une jurisprudence récente en matière de cautionnement à titre gratuit.

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