Also added a publication notice to accompany the legal services general license.
Permits a UK legal firm or UK counsel who has provided legal advice to a person designated under Russia or Belarus regime to receive payment from that person without an OFSI specific license, provided the terms of the general license are met.
Definitions, permissions requirements do not mirror licenses INT/2022/2252300; INT/2023/2954852; INT/2023/3744968, INT/2024/4671884; INT/2024/5334756.
The main changes are professional legal fees and expenses caps have been reset.
Where a law firm, legal adviser or counsel has not received professional legal fees and/or counsel fees from or on behalf of a DP under the general license, expenses of up to £50,000 may be paid in relation to any DP per law firm (or per counsel, if engaged under direct instruction) under each part for duration of the general license.
The non-UK bank accounts permission has been amended to include counsel.
Payments received under the license must be reported to UK Treasury within 14 days of payment being received, with supporting evidence requested in Part A and Part B.
Take effect following expiry of legal services licence INT/2024/5334756 on Apr. 28.
License takes effect from 00:01 on Apr. 29, 2025, expires at 23:59 on Oct. 28, 2025 and may be varied, revoked, or suspended by UK Treasury at any time.
UK Treasury announced amendments to the legal services license INT/2024/5334756.
License Overview
Legal services license issued under reg 64 of Russia (sanctions) (EU exit) regulations 2019 and Reg 32 of Republic of Belarus (sanctions) (EU exit) regulations 2019.
Took effect following expiry of general license INT/2024/4671884 on Oct. 28, 2024.
Permits a UK legal firm or UK counsel who has provided legal advice to a person designated under Russia or Belarus regime to receive payment from that designated person without an UK OFSI specific license, provided that license terms are met.
Amendments
This general license has been amended to clarify that legal advice and/or representation in dispute resolution is included in the definition of legal services.
Owned and controlled applies only to companies, not individuals, under DP definition.
Effectiveness
This general license took effect from 00:01 on Oct. 29, 2024, expires at 23:59 on Apr. 28, 2025 and may be varied, revoked, or suspended by UK Treasury at any time.
Also added a publication notice to accompany the legal services general license.
Permits a UK legal firm or UK counsel who has provided legal advice to a person designated under Russia or Belarus regime to receive payment from that person without an OFSI specific license, provided the terms of the general license are met.
Definitions, permissions requirements do not mirror licenses INT/2022/2252300; INT/2023/2954852; INT/2023/3744968, INT/2024/4671884; INT/2024/5334756.
The main changes are professional legal fees and expenses caps have been reset.
Where a law firm, legal adviser or counsel has not received professional legal fees and/or counsel fees from or on behalf of a DP under the general license, expenses of up to £50,000 may be paid in relation to any DP per law firm (or per counsel, if engaged under direct instruction) under each part for duration of the general license.
The non-UK bank accounts permission has been amended to include counsel.
Payments received under the license must be reported to UK Treasury within 14 days of payment being received, with supporting evidence requested in Part A and Part B.
Take effect following expiry of legal services licence INT/2024/5334756 on Apr. 28.
License takes effect from 00:01 on Apr. 29, 2025, expires at 23:59 on Oct. 28, 2025 and may be varied, revoked, or suspended by UK Treasury at any time.
