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Documents

Date
04/12/2025
Sanctions against Russia: Entry into Force of the EU Ban on Petroleum Products Derived from Russian Origin Crude Oil

21/01/2026

Sanctions against Russia: Entry into Force of the EU Ban on Petroleum Products Derived from Russian Origin Crude Oil

On 21st January, 2026, Article 3ma of Council Regulation (EU) No. 833/2014 (as amended) (the “Regulation”), enters into force. This introduces an import ban into the EU of petroleum products obtained in third countries that are derived from Russian origin crude oil. The import ban was introduced in the EU’s 18th sanctions package, as per our July, 2025 update. The EU has also issued FAQs, summarised below.
The Maltese Falcon: Commercial Court reaffirms that where a contract expressly allocates risk, implied terms will not remedy the outcome

19/01/2026

The Maltese Falcon: Commercial Court reaffirms that where a contract expressly allocates risk, implied terms will not remedy the outcome

In Pleon Ltd v Leonis Yachting Ltd ("The Maltese Falcon") [2025] EWHC 3144 (Comm), the Commercial Court allowed an appeal on a point of law under section 69 of the Arbitration Act 1996 and reaffirmed that where contractual terms reflect the parties agreed allocation of risk, a term will not be implied on the grounds of business efficacy.
EU and UK Apply New Dynamic Mechanism to Lower Russian Crude Oil Price Cap

15/01/2026

EU and UK Apply New Dynamic Mechanism to Lower Russian Crude Oil Price Cap

On 15th January, 2026, both the European Union and the United Kingdom confirmed that the Russian crude oil price cap has been lowered.
New Payment System eFeeConnect

09/12/2025

New Payment System eFeeConnect

UK Defence Club and UK P&I Club have implemented a new fee payment system, called eFeeConnect to simplify the submission and payment of invoices on a standard internet connection (without the need to download any apps or software.)  From July 2025, fees for claims files must be submitted through eFeeConnect.