Investigations & Sanctions In 2022, Hughes Hubbard’s global investigations team continued representing our confidential clients in front of major national and international agencies, including obtaining three major releases from World Bank sanctions. Our attorneys also performed diligent assessments on sanction risks for many of our deal clients.
Large Chinese SOE Successfully Released from World Bank Sanction
HHR’s client – a large Chinese state-owned company that was debarred in 2018 – entirely satisfied conditions for release from World Bank sanction.
Chinese SOE Obtains Successful Release from World Bank Sanction
In April, a Chinese state-owned company, and HHR client, was notified by the World Bank that it had satisfied the conditions for release from sanction. The release took place in May.
Large Chinese Company Successfully Released from World Bank Sanction
HHR’s client, a large Chinese company, was notified that it had satisfied the conditions for release from debarment by the World Bank.