HM Treasury: Libya (Financial Sanctions) Order 2011


  • Date: 04/03/2011

The following notice was issued on the 27th February 2011 on the financial sanctions pages of the UK Treasury website in respect of the financial measures taken in relation to Libya.
 
By the adoption of UNSCR 1970 (2011) on 26 February 2011, the United Nations, amongst other matters, introduced financial sanctions against those persons listed in Annex II to the Resolution, or designated by the competent United Nations Sanctions Committee, as persons involved in or complicit in ordering, controlling, or otherwise directing, the commission of serious human rights abuses against persons in the Libyan Arab Jamahiriya, including by being involved in or complicit in planning, commanding, ordering or conducting attacks, in violation of international law, including aerial bombardments, on civilian populations and facilities; or acting for or on behalf of or at the direction of such persons.
 
The Libya (Financial Sanctions) Order 2011, which gives effect to Resolution 1970 (2011) in the UK, came into force at 5:15pm on 27 February 2011.
 
The Notice can be found at the following URL address:
 
http://www.hm-treasury.gov.uk/d/public_notice_270211.pdf

A brief commentary on the EU resolution is also provided on the Ince & Co. website by Michelle Linderman:    http://www.incelaw.com/news-and-events/News/eu-sanctions-on-libya


Industry developments

Click on a section below to see information collated from across the website on topical issues of interest to our Members


Recent guidance & corresponding material in respect of international sanctions against various countries has been updated with respect to Syria.  READ MORE


Piracy

Essential precautions and preparation against piracy, as well as additional information and resources, loss prevention advisories and useful external web links


China’s first comprehensive system of marine pollution regulations took effect from 1st March 2010, but many aspects are yet to be developed or advised.


MARPOL Annex VI limits sulphur oxide and nitrogen oxide emissions from ship exhausts. It prohibits deliberate emissions of ozone depleting substances and establishes more stringently controlled special SOx Emission Control Areas (SECAS) 


Global Network

Bermuda
+1 441 292 4724

New Jersey
+1 201 557 7300

San Francisco
+1 415 956 6537

London
+44 20 7283 4646

Piraeus
+30 210 429 1200

Isle of Man
+44 1624 645200

Tokyo
+81 3 5442 6110

Hong Kong
+852 2832 9301

Singapore
+65 6323 6577

Shanghai
+86 21 6321 7001

Beijing
+86 10 6310 1147