New UK General License Covers Certain Sanctions-Related Legal Services
The U.K. released a new general sanctions license to cover certain legal services from Oct. 29 through April 28. Part A of the license establishes that the payment of legal fees and expenses must be only for legal services relating…
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to the representation of a sanctioned party that was entered into prior to the date of the sanctioned party's designation. Legal fees under Part A can't exceed $2.66 million. Part B lays out the conditions for use of the license for legal services that aren't "based on a prior obligation."