Trump Administration breaks with precedent to allow US plaintiffs to bring “trafficking” suits under Title III of the Helms-Burton Act.
Title III of the Helms-Burton Act (the Cuban Liberty and Democratic Solidarity...more
Withdrawal from the Iran nuclear agreement triggers full implementation of US sanctions, including threat of “secondary” sanctions on non-US persons dealing with Iran.
As reported in the Latham Client Alert dated May 10,...more
11/6/2018
/ Economic Sanctions ,
EU ,
Financial Institutions ,
Foreign Financial Institutions (FFI) ,
Foreign Policy ,
General Licenses ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Secondary Sanctions ,
Trump Administration
In light of the EU’s recent amendments to its long-standing blocking measure, EU operators will need to weigh the consequences of failing to comply with their contradicting obligations under US and EU law.
How has the EU...more
Privy Council clarifies the nature of arbitration clauses, but uncertainties about the clauses’ effect still remain.
“Non-exclusive” arbitration clauses provide that disputes “may” be referred to arbitration (rather than...more
7/14/2016
/ Arbitration Agreements ,
Arbitration Awards ,
Arbitrators ,
Bilateral Investment Treaties ,
Canada ,
Conflicts of Interest ,
Enforceability ,
EU ,
Financial Institutions ,
Forum Selection ,
Free Trade Agreements ,
ICSID ,
Implementation Day ,
International Arbitration ,
International Chamber of Commerce (ICC) ,
Investor State Dispute Settlement (ISDS) ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Restitution ,
Romania ,
SDN List ,
Sovereign Immunity ,
SWIFT ,
Switzerland ,
Venezuela ,
Zimbabwe
The EU and UN terminate most of their sanctions on Iran, while the US implements more limited changes to its longstanding embargo.
On January 16, 2016, the International Atomic Energy Agency (IAEA) verified that Iran...more
Recent and upcoming milestones fuel expectations of Iran opportunities in 2016.
As reported in our Client Alert dated July 16, 2015, the Joint Comprehensive Plan of Action (JCPOA) provides for the eventual termination of...more
The Iran sanctions landscape is poised to change in early 2016, but US persons and US companies will see far fewer opportunities than their European counterparts.
On July 14, 2015, the P5+1 countries (the United...more
7/17/2015
/ Aircraft ,
Aircraft Equipment ,
EU ,
Export Controls ,
IAEA ,
Imports ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Nuclear Power ,
Nuclear Weapons ,
P5+1 Nations ,
Popular ,
Trade Relations ,
UN Security Council ,
United Nations
New US rules define scope of prohibitions and authorized activities, as Crimea region remains subject to broad US embargo and EU trade and investment restrictions.
On January 29 and 30, 2015, the US Department of...more
The US and EU take coordinated action to broaden and align their Russia-related sanctions — which may evolve further depending on Ukraine peace plan progress.
On September 12, 2014, the US and the EU announced new and...more
9/16/2014
/ Asset Freeze ,
Banking Sector ,
Banks ,
Debt Financing ,
Equity Financing ,
EU ,
Export Controls ,
Russia ,
Sanctions ,
SSI List ,
Travel Ban ,
Ukraine
The European Union (EU) enacted Council Regulation (EU) No 833/2014 (the Regulation), which contains ‘Stage 3’ sanctions against Russia. These sanctions resemble – but in other ways are different – from the latest US...more
The EU’s “Stage 3” sanctions restrict exports to the Russian military, exports of certain technologies for the oil industry, and certain Russian State-owned banks’ access to EU capital markets.
New EU Measures Target...more
8/1/2014
/ Asset Freeze ,
Banks ,
Capital Markets ,
EU ,
Export Controls ,
Exports ,
Firearms ,
Oil & Gas ,
Russia ,
Russian Military Procurement ,
Sanctions ,
Ukraine
US extends sanctions to three Russian banks, a shipbuilding company and exports of energy sector items to Russia; EU announces similar measures.
Additional OFAC Designations -
On July 29, 2014, the U.S....more
7/31/2014
/ Banks ,
Energy Sector ,
EU ,
Export Controls ,
Exports ,
Foreign Banks ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanctions ,
Shipbuilding ,
U.S. Treasury ,
Ukraine
US announces “sectoral” sanctions on major banks and energy companies, adds to the Specially Designated Nationals list; European Council considers additional sanctions.
On July 16, 2014, the U.S. Department of the...more
7/21/2014
/ Banking Sector ,
Debt Securities ,
Energy Sector ,
Equity Securities ,
EU ,
Executive Orders ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanctions ,
SDN List ,
U.S. Commerce Department ,
U.S. Treasury
The US blocks the property of 11 persons, the EU freezes the assets of another 21 individuals, and a new US Executive Order authorizes future blocking actions.
In response to the continuing political crisis in Ukraine and...more
A US Executive Order authorizes blocking property and the EU freezes assets of 18 individuals.
In response to the political crisis in Ukraine, the United States and the European Union have initiated a series of...more
Iran’s suspension of sensitive nuclear activities triggers temporary relaxation of certain sanctions, but most restrictions and an aggressive enforcement climate remain in place.
On January 20, 2014, the International...more