Business owners, senior managers and dedicated staff need more than just a basic understanding of the sanctions landscape. They also need to know the principles, methods and algorithms of how leading countries and associations of countries impose, administer and lift sanctions. Proper managerial decision-making stems from a knowledge of the fundamentals of sanctions compliance and risk management.
BGP Litigation’s Compliance and Sanctions Law Practice has been holding regular lecture training sessions on the theory of financial and economic sanctions, applicable laws and regulations, and enforcement thereof in Russia, the UN, the US, the EU and other jurisdictions, as well as on how to set up a robust sanctions compliance framework. Such training includes real-life cases of how sanctions are imposed and lifted, and how sanctioned businesses operate. A question-and-answer format is also used.
Sergey Glandin, the practice group leader, was the first in Russia to develop and run special courses on sanctions law and sanctions compliance:
- a special elective course “Restrictive Measures and Sanctions in the Law of International Responsibility” for fourth-year Bachelor’s students at the Law Faculty of Moscow State University (2017).
- a course on “Protecting the Rights and Legitimate Interests of Sanctioned Persons in International and National Courts” for fourth-year Bachelor’s students at the Law Faculty of Moscow State University (2018).
- a special course called “Economic Sanctions and Compliance” for first-year “International Economic Law” Master’s students at the Law Faculty of Moscow State University (2019).
- Since 2022, as part of a three-month professional development programme called “Sanctions Compliance” at National Research University – Higher School of Economics (HSE University), Sergey Glandin has been running a case study dealing with application, imposition, removal and administration of US and EU sanctions, as well as sanctions compliance specifics in the context of Russia’s countermeasures.
Sergey Glandin authors the biggest number of sanctions law and compliance publications in Russia. He has conducted sanctions law, compliance and risk management training courses for:
- a major Russian diversified group;
- a private consulting firm;
- a Top 50 bank;
- a mobile service provider;
- one of the leading world marketplaces;
- two major transport and logistics companies;
- a Top 5 Russian coalminer;
- a major timber group;
- a leading mobile service provider in the CIS;
- the owner and senior management of a major building and construction group in the CIS, and
- two major groups in Uzbekistan.
The training helps our clients’ management teams get acquainted with risks and risk management best practices, determine the direction of ongoing efforts, understand the internal price of risk management and the gains from unmaterialised risks.