Overview

Export control involves government regulation of cross border trade in certain types of goods, technology and information. It has evolved significantly in recent years as international conflicts have forced governments to focus their attention on stemming the flow of equipment into rogue states and groups around the world.

Compliance with export control and sanctions are often overlooked by companies when exporting. However, the consequences of getting it wrong and being caught without the requisite export licence(s) can potentially prove costly. Companies are at risk of either fines, a prison sentence or both.

It is therefore important to understand export control / sanctions responsibilities and export licence controls in the UK, the EU and further afield. In this briefing, Eversheds offers an introduction to the legal framework and restrictive measure of export control in the EU and UK, why compliance with the rules is important and how businesses can ensure they are compliant.

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