Sanction
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1. International trade - international relations - law - international law - noun.
Any penalty or punishment, including economic disadvantages, sporting or cultural restrictions.
- UN sanctions take different forms
- "Security Council sanctions have taken a number of different forms, in pursuit of a variety of goals.
- The measures have ranged from comprehensive economic and trade sanctions to more targeted measures such as arms embargoes, travel bans, and financial or commodity restrictions.
- The Security Council has applied sanctions to support peaceful transitions, deter non-constitutional changes, constrain terrorism, protect human rights and promote non-proliferation."
- United Nations Security Council
- CJEU can sanction EU institutions
- "The CJEU gives rulings on cases brought before it. The most common types of case [include]...
- Sanctioning EU institutions (actions for damages) – any person or company who has had their interests harmed as a result of the action or inaction of the EU or its staff can take action against them through the [CJEU]."
- Court of Justice of the European Union (CJEU)
2. International trade - international relations - law - international law - verb.
To impose a sanction, as defined above.
3. Law - verb.
To officially allow or permit an action or omission.
- Company general meetings can sanction minor irregularities
- "In the case of minor irregularities in running a company, a general meeting can pass a resolution to sanction the irregularity.
- Major irregularities cannot be sanctioned in this way."
- Oxford Dictionary of Law - the Treasurer's Wiki - Ratification
4. Law - noun.
The approval or permission so given.
- Court sanction required for arrangement in insolvency
- "A scheme of arrangement is an agreement between a financially distressed company and its creditors or members to effect a merger or a restructuring, which requires the sanction of the court."
- The Treasurer's Wiki - Scheme of arrangement
