UK [JERSEY] Sanction Legal Services General Licence (GL) for Russia & Belarus updated.
27/10/2024
The UK’s Legal Services General Licence (GL) for Russia & Belarus, due to expire on 28 October 2024
The Russia & Belarus Legal Services General Licence above will be replaced with the new General Licence INT/2024/5334756.
The new GL contains the following fundamental changes from the current GL:
- Expands the definition of a law firm and applies the GL financial limit “per law firm”;
- Includes a definition of a non-UK bank account.
- Increases the amount of professional legal fees that can be paid from £500k to £2m;
- Increases the expenses that can be paid to £200k or 10% of the legal fees payable, whichever is the lower; and
- Payments can be made directly to a non-UK bank account, subject to certain conditions.
The previous licence expires at 23:59 on 28 October 2024. The new licence takes effect from 00:01 on 29 October 2024 and will expire in April 2025.
All UK GLs (current and expired) are on our UK Licensing page.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.