Certain US sanctions on Iran may be lifted mid to late 2016 or even later.
On August 13, Switzerland became the first country to formally lift certain sanctions on Iran, following the announcement of the Iran nuclear...more
Recent developments justify reconsidering companies’ trademark protection options.
Although US sanctions that generally prohibit US exports to Cuba as well as other transactions that involve Cuba largely remain in...more
The executive order enables US government agencies to block the assets of any foreign person determined to have engaged in malicious cyber-enabled activities....more
The U.S. Department of the Treasury and the U.S. Department of Commerce have released new regulations that loosen restrictions on trade and travel with Cuba....more
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,...more
The executive order bans the export of goods, technology, and services to the Crimea region of Ukraine, but that’s not all it does.
On December 19, 2014, U.S. President Barack Obama issued Executive Order #13685,...more
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
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
The sanctions directly affect companies involved in Russia's oil and gas industries by imposing new export license requirements....more
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
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
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