EU Trends and Developments Contributed by: Nathalie Colin, Maria-Clara Van den Bossche, Florence Frühling and Kevin Xhebexhia, Freshfields LLP
requires “operational solidarity” rather than mere moral solidarity. Takeaway The ICC episode highlights the growing practical rel - evance of the Blocking Statute as a defensive instru - ment against US extraterritorial sanctions, and the political and institutional tensions that its formal acti - vation entails. As of the date of publication of this contribution, no formal decision to activate the Block - ing Statute had been taken. Whether and when the European Commission will trigger the mechanism – and the implications for EU operators caught between competing legal obligations – remains an open and closely watched question.
175 CHAMBERS.COM
Powered by FlippingBook