EXAMPLE PAGE - ANNUAL REPORT - THE SWEDISH CLUB - Flipbook - Sida 35
SERVICE AT ALL TIMES
2021 was a year of complexity, with
more sanctions put in place by the
United States and the European
Union, as well as by the United
Kingdom as it formed its own
regulatory regime after leaving
the EU.
Navigating sanctions
Clearly, sanctions are here to stay as an efficient way for
states to regulate activities and deter certain behaviours.
Shipowners must, of course, abide by the rules but
understanding them can be challenging in an increasingly
complex environment.
The Swedish Club is not a regulator; however, it needs to
ascertain the legality of its operations and manage its
sanctions risks so as to sustain the Club for the future.
Further, the Club has a crucial role to play in helping
members to navigate through what is a very complex
sanctions landscape and to understand when precise
legal advice is needed for a particular trade.
Malin Högberg, Director,
Corporate Legal
“The Club’s role is to understand
and advise its members on the
mechanics of new sanctions
regulation, and how it affects the
Club’s ability to deliver the
desired cover.”
Keeping up to date
During 2021, as a result of the travel restrictions in place,
more time has been available to analyse legislation and
regulations, refresh advice and documentation and gather
new perspectives on legislation, sanctions and
compliance.
The industry is anticipating more regulation to come,
across environmental, financial and, in particular, sanction
matters that will affect the Club’s operations.
THE SWEDISH CLUB ANNUAL REPORT 2021
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