Extraterritorial jurisdiction
From ACT Wiki
Law - international law - jurisdiction.
Extraterritorial jurisdiction is a legal claim by a country or other authority to impose or exercise control, in law, beyond its geographical boundaries.
For example, some national laws apply to acts committed by citizens of that country in any part of the world.
Other extraterritorial national laws may apply to acts committed anywhere in the world, by anybody at all.
In order to be effective, the application of the extraterritorial law needs the co-operation of the authority in the external territory.
EU Blocking Regulation is in conflict with US sanctions
- "The Blocking Regulation is a 1996 European Union (EU) Regulation which prohibits EU companies from complying with certain extraterritorial US sanctions.
- The US's reimposition of sanctions against Iran prompted the European Commission to expand the scope of the 1996 EU Blocking Regulation.
- The revised Blocking Regulation... in essence prohibits EU companies from complying with the reimposed US sanctions against Iran.
- The Blocking Regulation is often described as putting those within its scope (EU companies, nationals and others within the EU) between a rock and a hard place."
- Blocking Regulation - the Treasurer's Wiki.
