Foreign Trade Law News

Germany's Economy Ministry is investigating whether to block the sale of RWE's oil and gas unit DEA to a group of investors led by Russian tycoon Mikhail Fridman, a spokeswoman said. The German government has never previously made use of a clause in its foreign trade law, under which it could stop the deal announced earlier this year if there were concrete signs it threatened "public safety and order". "An investigation has been started. It is an open-ended investigation (to find out) whether there are conditions for prohibiting the deal under the foreign trade accord," a spokeswoman for the Economy Ministry told Reuters. Spiegel magazine on Sunday reported the ministry had started to look into the deal following fresh information but did not give further details.

Private maritime security service company Protection Vessels International (PVI), part of Protection Group International, announced that it has achieved accreditation to deploy armed guards on German flagged vessels. Applicable from December 1, 2013, the updated German regulations are more stringent than any other existing standard and go beyond ISO 28000/28007 certification, which is currently being piloted. The German regulations ensure private maritime security companies' (PMSCs') operating procedures are comprehensive, well documented and executed safely.