Corporate Strategy & Finance (Competition, Trade & EU Regulatory) - Review

    June 2009

    The European Union introduces new export controls on brokering and transit for dual-use items

    On 29 May 2009 the long awaited recast EU dual-use Regulation was published in the Official Journal of the European Union. The main changes to the current system are the introduction of brokering and transit controls. Member States will also be required to place a stronger emphasis on a company's internal compliance with export control rules when reviewing an application for a global export authorisation. The rules on export and intra-Community transfer of dual-use goods remain, however, virtually unchanged.

    In May 2008, international law firm Hammonds became a limited liability partnership. Hammonds LLP and its affiliated undertakings has offices in Birmingham, Leeds, London and Manchester in the UK, and in Berlin, Brussels, Beijing, Hong Kong, Madrid, Munich and Paris.