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published on 21 December 2023 | reading time approx. 6 minutes
In the past, sanctions usually only played an incidental role in transactions, in the sense that compliance with sanctions was covered by the standard formulation of the guarantee catalog, according to which the target company carries out its business activities in accordance with the applicable legal requirements.
Only in the case of more or less obvious points of contact with countries that were the subject of sanctions (in particular Iran, Belarus and, from 2014, Russia) was compliance with applicable sanctions increasingly also explicitly demanded as an assurance.
Tobias Kohler
Partner
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