Louis Rothberg

Louis Rothberg

Morgan Lewis

Contact  |  View Bio  |  RSS

Latest Publications

Share:

President Obama Announces Sweeping Changes to United States’ Diplomatic Relationship with Cuba

No changes in connection with the U.S. – Cuba embargo and sanctions will be effective until OFAC and the Commerce Department formally revise their respective regulations and general licenses to implement the President's new...more

12/19/2014 - Barack Obama Cuba Embargo Foreign Relations Sanctions

New Senate Bill Significantly Expands U.S. Sanctions Against Russia

The bill, if passed, would impose severe sanctions on “foreign persons” that make significant investments in Russian crude oil projects....more

12/10/2014 - Arms Export Control Act Banking Sector Defense Sector Export Controls Exports Foreign Investment Foreign Nationals Oil & Gas Pending Legislation Russia Sanctions

OFAC Sanctions Compliance Provisions in Agreements

Due to costly settlements secured by U.S. regulatory agencies, banks, insurers, and corporations are increasingly inserting rigorous OFAC sanctions compliance language into their credit agreements, insurance policies, and...more

12/4/2014 - Acquisition Agreements Banks Compliance Contract Drafting Counterparty Risk Credit Agreements Insurers OFAC Sanctions

OFAC Settlement Extends Violations to “Support Service” Providers

OFAC stated that an insurance company and its affiliates violated OFAC regulations by providing insurance support services for policies that were issued to, or provided coverage for, persons designated on the OFAC Specially...more

11/4/2014

Revised OFAC Guidance on "Shadow" SDNs

OFAC expands the scope of its 50% rule. On August 13, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued “Revised Guidance on Entities Owned by Persons Whose Property and Interests in...more

8/25/2014 - Asset Freeze Blocked Entities Blocked Person Fifty Percent Rule OFAC SDN List U.S. Treasury

U.S. Department of Commerce Implements New Russian Oil and Gas Sanctions

The sanctions directly affect companies involved in Russia's oil and gas industries by imposing new export license requirements....more

8/7/2014 - BIS Export Administration Regulations Export Controls Exports Licensing Rules OFAC Oil & Gas Russia Sanctions SDN List U.S. Commerce Department Ukraine

Temporary Iran Sanctions Relief

Relief is very limited and alleviates threat of sanctions regarding transactions by non-U.S. or foreign persons. On January 30, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published...more

2/7/2014 - Foreign Policy Iran Iran Sanctions OFAC U.S. Treasury

New Export Control Changes Affect Naval Warfare and Ground Vehicles

Second phase of the Export Control Reform Initiative allows certain U.S. industries to fall into categories that may make them more attractive to foreign buyers. On January 6, the Obama administration reached another...more

1/16/2014 - Export Controls Exports ITAR US Munitions List

Export Control Changes Affecting Aircraft Industry Take Effect

New rules allow some aircraft-related items to fall into categories that may make them more attractive to foreign buyers. On October 15, the Obama Administration reached an important milestone of the president’s Export...more

11/14/2013 - Aircraft Export Controls Exports ITAR US Munitions List

SEC Reporting for Certain 2012 Iran-Related Transactions

Mandatory requirements cover actions of issuers' foreign subsidiaries and affiliates. On August 10, 2012, section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (the Act), 112 P.L. 158, added new...more

1/23/2013 - Foreign Subsidiaries Iran Threat Reduction and Syria Human Rights Act OFAC Reporting Requirements SEC Subsidiaries

New OFAC Regulations Implement Iranian Sanctions

Grace period through March 8 provided to foreign subsidiaries to wind down Iranian transactions. On December 26, 2012, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) amended the Iranian...more

1/9/2013 - Iran Threat Reduction and Syria Human Rights Act ITSR OFAC Subsidiaries

11 Results
|
View per page
Page: of 1