Leigh Hansson

Leigh Hansson

Reed Smith

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Iran: Joint Comprehensive Plan of Action agreed on 14 July 2015, but no immediate sanctions relief

On 24 November 2013, the E3/EU+3 (or the P5+1, comprising the United States, Russia, China, the United Kingdom, France and Germany), together with Iran, agreed the Joint Plan of Action (“JPOA”), which relaxed some of the...more

7/17/2015 - Arms Embargo Banking Sector Energy Sector Financial Services Industry IAEA Iran Iran Sanctions Joint Comprehensive Plan of Action (JCPOA) Nuclear Power Nuclear Weapons P5+1 Nations Technology Sector UN Security Council

Iran: Further extension of limited sanctions relief to 13 July 2015

In our alert of 8 July, we reported that the P5+1 and Iran had announced the extension of the Joint Plan of Action Relief Period (the JPOA Relief Period) to 10 July 2015. Negotiations with Iran continue. To allow more...more

7/13/2015 - Iran Iran Sanctions Joint Plan of Action Negotiations P5+1 Nations

Iran: Further extension of limited sanctions relief to 10 July 2015

In our alert of 1 July we reported that the P5+1 and Iran had announced the extension of the Joint Plan of Action Relief Period (the JPOA Relief Period) to yesterday, 7 July 2015. Negotiations with Iran continue. To...more

7/9/2015 - Iran Iran Sanctions JPOA Negotiations P5+1 Nations Time Extensions

Iran: No decision reached; further extension of limited sanctions relief until 7 July 2015

Yesterday, the P5+1 (made up of the United States, Russia, China, the United Kingdom, France and Germany) together with Iran, announced the extension of the Joint Plan of Action (JPOA) Relief Period (JPOA Relief Period) for...more

7/3/2015 - Iran Iran Sanctions JPOA P5+1 Nations

Congress Revives the Generalized System of Preferences and Makes Benefits Retroactive to August 1, 2013 but Requires Affirmative...

Amid the often rancorous debate on the Trans Pacific Partnership and the Trade Promotion Authority enabling legislation, both the House and the Senate last week found a common ground in addressing legislation related to the...more

5/27/2015 - Generalized Scheme of Preferences Legislative Agendas Trade Policy Trans-Pacific Partnership

P5+1 and Iran Agree on Framework for Joint Comprehensive Plan of Action, Sanctions Easing Expected June 2015

On April 2, 2014, the P5+1 (the United States, Germany, France, the UK, Russia, and China) and Iran reached an agreed-upon framework outlining the roadmap for a future agreement surrounding Iran’s nuclear program that would...more

4/7/2015 - Iran Iran Sanctions Negotiations Nuclear Power P5+1 Nations United Nations

Schlumberger Faces More Than $232.7 Million in Penalties and Pleads Guilty to Criminal Charges for Violations of U.S. Sanctions

On March 25, 2015, Schlumberger Oilfield Holdings, Ltd. (“SOHL”), a wholly owned subsidiary of Schlumberger Ltd., the world’s largest oil-field services company (collectively “Schlumberger”), agreed to plead guilty to...more

3/27/2015 - Corporate Counsel Corporate Criminal Fines Iran Sanctions Oil & Gas Schlumberger Sudan

New Authorizations to Export Personal Communications Items and Services to Sudan

On February 18, 2015 the Commerce Department’s Bureau of Industry and Security (“BIS”) and Treasury Department’s Office of Foreign Assets Control (“OFAC”) published changes to the Export Administration Regulation (“EAR”) and...more

2/23/2015 - BIS Cell Phones EAR Export Controls Exports Internet Mobile Devices OFAC Software Sudan Trade Policy U.S. Commerce Department

The U.S. Complaint Against the Government of China in the WTO, Including the Targeting of Chinese Medical Device Manufacturers

On February 11, 2015, the United States filed a complaint before the World Trade Organization (WTO), alleging that certain actions by the national, regional and local governments of the People’s Republic of China are in...more

2/18/2015 - Chemicals China Contract Disputes Manufacturers Medical Devices Metals Textiles WTO

U.S. Department of Treasury Imposes Sanctions Against the Government of The Democratic People’s Republic Of Korea

In the wake of recent cyber-attacks, President Obama signed an Executive Order January 2, 2015, imposing additional economic sanctions against the Democratic People’s Republic of Korea. The Executive Order authorizes the U.S....more

1/6/2015 - Barack Obama Executive Orders North Korea OFAC Sanctions

Sanctions Update: the U.S. and the EU impose further measures against Russia

This alert follows our previous alerts on the Russia/Ukraine sanctions. U.S. Passes New Sanctions Authorizing Statute - Sends Russia Frigid End of Year Message. President Obama: U.S. will “review and calibrate”...more

12/30/2014 - Banking Sector Barack Obama BIS Crimea Defense Sector Energy Sector EU Executive Orders Export Controls OFAC Russia Sanctions SDN List UFSA

Normalizing U.S. Relations with Cuba: What is ahead?

On December 17, President Obama announced that he will take steps to normalize relations with Cuba, prompting questions about what this means for an island nation that has existed under a Cold War-era embargo for more than 50...more

12/22/2014 - Barack Obama Cuba Embargo Foreign Relations Sanctions

The Joint Plan of Action: A Recap of the Easing Of Sanctions Against Iran By The United States And European Union

On 24 November 2013, an agreement was reached between the E3+3 (also known as the P5+1, and which includes the United States, United Kingdom, Russia, China, France and Germany) and Iran....more

12/10/2014 - Asset Freeze Automotive Industry Banking Sector EU Iran Sanctions JPOA Oil & Gas P5+1 Nations Petrochemicals Rare Earth Metals Sanctions SDN List

Iran: limited sanctions relief extended to 30 June 2015

In January 2014, both the EU and U.S. brought into force measures which temporarily suspended and relaxed (for an initial period of six months) some of the sanctions in place against Iran. This reflected the Joint Plan of...more

12/1/2014 - EU Iran Iran Sanctions JPOA P5+1 Nations

OFAC Issues New General License Excepting Turkish Lender from Russian Sanctions

On October 6, 2014, the Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License No. 3, excepting DenizBank AS, a Turkish lender, from the restrictions on access to new debt or new equity under...more

10/9/2014 - OFAC Russia Sanctions

Overview of the U.S. and EU Sanctions on Russia

Over the past six months, the United States and the European Union have coordinated efforts through sanctions and trade controls to respond to Russian activity in Crimea and Ukraine. Following a long series of incremental...more

10/6/2014 - Asset Freeze BIS Defense Sector Energy Sector EU Export Controls OFAC Russia Sanctions SDN List SSI List Travel Ban Ukraine

Sanctions Update: Ukraine, Crimea and Sevastopol—the Ukrainian Parliament, the EU and the U.S. impose further measures

This Alert follows our previous alerts on the Russia/Ukraine sanctions available on our website. July continued to be a busy time as the Verkhovna Rada (the Ukrainian Parliament), the EU and the United States intensified...more

8/5/2014 - Asset Freeze EU Export Administration Regulations Export Controls OFAC Oil & Gas Ports Russia Sanctions SDN List Shipping SSI List Technology Travel Ban Ukraine Vessels

Crisis in the Crimea: Sanctions Update

United States further measures - In response to the Russian Federation’s continued actions in southern and eastern Ukraine, the United States added seventeen entities and seven Russian officials and related persons to...more

4/30/2014 - Foreign Policy Russia Sanctions Ukraine

Singapore: Persian Gulf Money, Energy, and Non-Energy Export Risks

In September 2013, the GCC-Singapore Free Trade Agreement came into force, and it has some wondering whether this will mean an influx of oil and gas trade from the Persian Gulf. The agreement is well-timed, as U.S. Secretary...more

10/10/2013 - Exports Free Trade Agreement Iran Iran Sanctions NDAA Oil & Gas

New Iran Sanctions: Breaking Down the Breaking Points

Energy, shipping, and shipbuilding. Generally, these are the sectors of the Iranian economy that have recently come within the ambit of the existing U.S. sanctions regime against Iran. We write "generally" because in addition...more

1/30/2013 - Energy IFCPA Iran Sanctions Iran Threat Reduction and Syria Human Rights Act Ports Shipbuilding Shipping

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