Chiara Zilioli is the General Counsel of the European Central Bank and Professor of Law at J.W. Goethe University (Frankfurt am Main).Régis Bismuth is Professor at Sciences Po Law School (Paris).Luc Thévenoz is Professor at the University of Geneva and Director of the Centre for Banking and Financial Law.

• Notes on ContributorsIntroductionPart 1: Money and Finance: the New Frontiers of International Sanctions1 Economic and Financial Sanctions in International Law: Nature, Sources and ReviewabilityChristos Hadjiemmanuil2 The United States-Led Development of Financial Sanctions Since 1945James H. Freis, Jr. and Michael Waibel3 Financial Sanctions: the Development of an EU PracticeRené Smits4 Weaponisation of Money and PaymentsRosa Lastra5 Towards a New Extraterritoriality of EU Sanctions?Régis Bismuth and Jan Dunin-Wasowicz6 Evolution of the UK Financial Sanctions Framework Following the UK’s Withdrawal from the EUSonya BranchPART 2: Central Banks and Financial Sanctions7 Economic Sanctions and Central Bank ImmunityIngrid Brunk8 The Use of Inmobilised Assets and Reserves of the Central Bank of Russia: a Perspective from EU LawAlberto de Gregorio Merino9 Beyond Immunities: Sanctions and the Fundamental Rights of Central BanksMichael Ioannidis10 Economic Sanctions and Central Banks: Applying the Principles Articulated in the Arbitral Decision between the Federal Reserve and Bank MarkaziThomas Baxter11 The Role of Central Banks in the Application of International Financial Sanctions: the Case of the ECB and the Sanctions against RussiaChiara Zilioli12 The EU’s Restrictive Measures on the Russian Central Bank: Some Financial Stability Perspectives in Light of the Sberbank CasesChristos V. GortsosPart 3: The Impact of Sanctions on Contractual Rights and Property13 The Legal Effect of Sanctions against Russia on Financial and Commercial TransactionsSir William Blair14 Contractual Consequences of Sanctions before the English CourtsCharles Proctor15 Third Country Economic Sanctions and the EU Blocking RegulationKlaus Peter Follak16 The Restriction on Trust Services: a New Sanction in Need of ImprovementLuc Thévenoz17 The Key Role of Financial Institutions in Implementing Asset Freezing MeasuresThe Example of EU Freezing Measures against Russian Individuals and EntitiesCaroline Kleiner18 Targeted Financial Sanctions and Asset Confiscation: a Thorny Legal Path from Freeze to ConfiscateIryna BogdanovaIndex

Chiara Zilioli is the General Counsel of the European Central Bank and Professor of Law at J.W. Goethe University (Frankfurt am Main).Régis Bismuth is Professor at Sciences Po Law School (Paris).Luc Thévenoz is Professor at the University of Geneva and Director of the Centre for Banking and Financial Law.

• Notes on ContributorsIntroductionPart 1: Money and Finance: the New Frontiers of International Sanctions1 Economic and Financial Sanctions in International Law: Nature, Sources and ReviewabilityChristos Hadjiemmanuil2 The United States-Led Development of Financial Sanctions Since 1945James H. Freis, Jr. and Michael Waibel3 Financial Sanctions: the Development of an EU PracticeRené Smits4 Weaponisation of Money and PaymentsRosa Lastra5 Towards a New Extraterritoriality of EU Sanctions?Régis Bismuth and Jan Dunin-Wasowicz6 Evolution of the UK Financial Sanctions Framework Following the UK’s Withdrawal from the EUSonya BranchPART 2: Central Banks and Financial Sanctions7 Economic Sanctions and Central Bank ImmunityIngrid Brunk8 The Use of Inmobilised Assets and Reserves of the Central Bank of Russia: a Perspective from EU LawAlberto de Gregorio Merino9 Beyond Immunities: Sanctions and the Fundamental Rights of Central BanksMichael Ioannidis10 Economic Sanctions and Central Banks: Applying the Principles Articulated in the Arbitral Decision between the Federal Reserve and Bank MarkaziThomas Baxter11 The Role of Central Banks in the Application of International Financial Sanctions: the Case of the ECB and the Sanctions against RussiaChiara Zilioli12 The EU’s Restrictive Measures on the Russian Central Bank: Some Financial Stability Perspectives in Light of the Sberbank CasesChristos V. GortsosPart 3: The Impact of Sanctions on Contractual Rights and Property13 The Legal Effect of Sanctions against Russia on Financial and Commercial TransactionsSir William Blair14 Contractual Consequences of Sanctions before the English CourtsCharles Proctor15 Third Country Economic Sanctions and the EU Blocking RegulationKlaus Peter Follak16 The Restriction on Trust Services: a New Sanction in Need of ImprovementLuc Thévenoz17 The Key Role of Financial Institutions in Implementing Asset Freezing MeasuresThe Example of EU Freezing Measures against Russian Individuals and EntitiesCaroline Kleiner18 Targeted Financial Sanctions and Asset Confiscation: a Thorny Legal Path from Freeze to ConfiscateIryna BogdanovaIndex

Chiara Zilioli is the General Counsel of the European Central Bank and Professor of Law at J.W. Goethe University (Frankfurt am Main).Régis Bismuth is Professor at Sciences Po Law School (Paris).Luc Thévenoz is Professor at the University of Geneva and Director of the Centre for Banking and Financial Law.

• Notes on ContributorsIntroductionPart 1: Money and Finance: the New Frontiers of International Sanctions1 Economic and Financial Sanctions in International Law: Nature, Sources and ReviewabilityChristos Hadjiemmanuil2 The United States-Led Development of Financial Sanctions Since 1945James H. Freis, Jr. and Michael Waibel3 Financial Sanctions: the Development of an EU PracticeRené Smits4 Weaponisation of Money and PaymentsRosa Lastra5 Towards a New Extraterritoriality of EU Sanctions?Régis Bismuth and Jan Dunin-Wasowicz6 Evolution of the UK Financial Sanctions Framework Following the UK’s Withdrawal from the EUSonya BranchPART 2: Central Banks and Financial Sanctions7 Economic Sanctions and Central Bank ImmunityIngrid Brunk8 The Use of Inmobilised Assets and Reserves of the Central Bank of Russia: a Perspective from EU LawAlberto de Gregorio Merino9 Beyond Immunities: Sanctions and the Fundamental Rights of Central BanksMichael Ioannidis10 Economic Sanctions and Central Banks: Applying the Principles Articulated in the Arbitral Decision between the Federal Reserve and Bank MarkaziThomas Baxter11 The Role of Central Banks in the Application of International Financial Sanctions: the Case of the ECB and the Sanctions against RussiaChiara Zilioli12 The EU’s Restrictive Measures on the Russian Central Bank: Some Financial Stability Perspectives in Light of the Sberbank CasesChristos V. GortsosPart 3: The Impact of Sanctions on Contractual Rights and Property13 The Legal Effect of Sanctions against Russia on Financial and Commercial TransactionsSir William Blair14 Contractual Consequences of Sanctions before the English CourtsCharles Proctor15 Third Country Economic Sanctions and the EU Blocking RegulationKlaus Peter Follak16 The Restriction on Trust Services: a New Sanction in Need of ImprovementLuc Thévenoz17 The Key Role of Financial Institutions in Implementing Asset Freezing MeasuresThe Example of EU Freezing Measures against Russian Individuals and EntitiesCaroline Kleiner18 Targeted Financial Sanctions and Asset Confiscation: a Thorny Legal Path from Freeze to ConfiscateIryna BogdanovaIndex