What Council Regulation (EC) No 2271/96 of 22 November 1996 protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom (EU Blocking Statute) requires
The EU Blocking Statute protects EU operators against the extra-territorial application of specified third-country laws listed in its Annex (principally certain United States sanctions on Cuba, Iran and Libya). It prohibits compliance with those laws or with foreign court or administrative decisions giving them effect under Article 5, denies recognition of such foreign judgments under Article 4, allows recovery of resulting damages under Article 6, and requires operators to inform the Commission within 30 days of effects on their interests under Article 2.
Pillar: Trade Compliance & Export Controls · Authority: Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A31996R2271
SHA-256 integrity: 683e10cbcc24a0dbee417ab47ee85c5080aee109283202ce74b4bd3b33842612
Primary Citations — 5 traced to source
- Council Regulation (EC) No 2271/96, Article 2 - Duty to inform the Commission within 30 days where interests are affected by laws specified in the Annex
- Council Regulation (EC) No 2271/96, Article 4 - Non-recognition and non-enforcement of foreign judgments giving effect to the listed laws
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