Guidance

OFSI General licence INT/2025/5787748

details for OFSI General licence INT/2025/5787748, Arbitration Costs

• From: Office of Financial Sanctions Implementation
• Published: 28 March 2025

Documents

OFSI General licence INT/2025/5787748

PDF, 102 KB, 3 pages

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OFSI General licence INT/2025/5787748 Publication notice

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Arbitration Costs Reporting Form – INT/2025/5787748

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Details

• OFSI General licence INT/2025/5787748
• OFSI General licence INT/2025/5787748 Publication notice

On 28 March 2025, OFSI issued General Licence INT/2025/5787748 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia Regulations”) and Regulation 32 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (“the Belarus Regulations”). This General Licence allows persons to make payments to Arbitration Associations and Arbitrators to cover fees and expenses for their arbitration services. The General Licence also permits Arbitrators and Arbitration Associations to direct payment of, receive and use such payments to cover Arbitration Costs.

Published 28 March 2025