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ARTICLE · 17 FEBRUARY 2020

Sanctions Considerations For Maritime Arbitrators

The United States has generally imposed economic sanctions against countries and groups to discourage malign or terrorist activities,...

United StatesTransport

The United States has generally imposed economic sanctions against countries and groups to discourage malign or terrorist activities, ranging from continuing human rights violations to the pursuit of nuclear armament.1 In recent months, the U.S. has increased the force and scope of its sanctions regimes, and has targeted the shipping sector in particular, directing a "maximum pressure" campaign on enforcement of Iran and Venezuela sanctions. As foreign policy and sanctions focus more closely on the maritime and shipping supply chains, maritime arbitrators in New York, generally considered "U.S. Persons" within the meaning of U.S. sanctions law, face a growing risk that U.S. sanctions could apply in disputes to which they are appointed - - and could even expose the arbitrator to sanctions.2

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