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UN and U.S. Sanctions Target North Korea: Impacts for Asia and Beyond

The United Nations and United States recently took significant new steps to expand sanctions on North Korea, with implications for international banking; shipping and port activities; air transport; energy and mining sectors;...more

Change Orders: Analyzing Proposed New Infrastructure Spending in 2016 Budget

Shortly after the election of Prime Minister Justin Trudeau, we summarized the infrastructure promises made on the Liberal campaign trail in our October 2015 Blakes Bulletin: Under Construction: Infrastructure Plans and...more

Electrify Africa Act is now law

After passing both houses of the US Congress unanimously, the Electrify Africa Act of 2015 has been signed into law by President Barack Obama. The law’s enactment builds on and provides Congressional backing for the...more

What about Canada and Australia? Iran Sanctions changes beyond the U.S. and EU

There has been much discussion of U.S. and EU sanctions changes following Implementation Day under the Joint Comprehensive Plan of Action (“JCPOA”), but a number of countries had imposed sanctions for Iran and it is worth...more

Proposed Regulations Could Have a Substantial Effect on Special District Issuers, Especially Developer Districts

In an important development for special districts, including water districts, road districts, and other utility districts, on February 22, 2016, the Internal Revenue Service (“IRS”) released proposed Treasury Regulations (the...more

Middle East PPP Policy Developments: Kuwait and Dubai

In a climate of falling oil prices and tightening government budgets, several states in the Gulf Cooperation Council region (GCC) are looking again at Public Private Partnerships (PPP) as one of several business models for...more

UK-Iran Trade – A New Chapter

The UK Foreign & Commonwealth Office recently hosted a panel discussion with UK business leaders to clarify UK trade policy on Iran following the lifting of sanctions. The principal points of note for those interested in...more

Washington Insight - January 2016

President Obama Delivers State of the Union Address - In his eighth and final State of the Union address, President Obama focused on his views of and hopes for the future beyond his last year in office. Rather than...more

Iran Sanctions Relief and Further EU Regulatory Developments in 2016

On 16 January 2016 (“Implementation Day”), the majority of the European Union’s (“EU”) economic/financial sanctions against Iran were lifted after the International Atomic Energy Agency (“IAEA”) verified that Iran is abiding...more

“Implementation Day” Marks Lifting of Certain Nuclear-Related “Secondary” Sanctions on Iran by the United States in Accordance...

On January 16, 2016, the International Atomic Energy Agency (“IAEA”) verified that the Islamic Republic of Iran (“Iran”) had satisfied its commitments under the Joint Comprehensive Plan of Action (“JCPOA”), which was entered...more

‘Implementation Day’: Key Aspects of US and EU Implementation of Iran Sanctions Relief

On January 16, 2016, the International Atomic Energy Agency verified that Iran had complied with the nuclear-related technical aspects of the Joint Comprehensive Plan of Action it had to complete before the first phase of...more

Sanctions Against Iran Are Lifted

On January 16, 2016, the United States and European nations lifted oil and financial sanctions that have been imposed against Iran since 1979. These actions signal what is being called “Implementation Day” which refers to the...more

Implementation Day and the Lifting of Sanctions Against Iran

On January 16, 2016, the International Atomic Energy Agency confirmed that Iran had fulfilled its initial nuclear-related obligations under the Joint Comprehensive Plan of Action (JCPOA) that had been reached in July between...more

United States Lifts Certain Sanctions Against Iran, With Limited Impact on U.S. Companies

The United States suspended certain “secondary sanctions” against Iran that apply to non-U.S. companies for transactions that take place outside of the United States and do not involve U.S. persons on “Implementation Day,”...more

U.S. Lifts Nuclear-Related Sanctions on Iran on Implementation Day

I. Introduction - On January 16, 2016, “Implementation Day” occurred under the Joint Comprehensive Plan of Action (JCPOA). This historic sanctions relief followed verification from the International Atomic Energy Agency...more

Landmark Sanctions Relief for Iran Takes Effect

As you may well have seen from the extensive media coverage this weekend, following certification by the International Atomic Energy Agency (IAEA) that the Government of Iran had met its obligations under the P5+1 Nuclear...more

Africa Update - January 2016

Leading the News: Burundi - On December 30th, the African Union (AU) threatened to sanction rival factions in Burundi if they fail to attend the peace talks scheduled to take place in January. AU Commission...more

Iran Sanctions: Early Easing of Sanctions Increasingly Possible

Public officials from the United States increasingly are making public statements regarding the likelihood that “Implementation Day” – the day on which many US and EU sanctions against Iran will be eased – will arrive in the...more

Proposed Spending and Tax Extenders Legislation Would Significantly Extend Renewable Energy Tax Benefits

Congressional leaders have announced a package of legislative proposals that include provisions that would extend a number of key renewable energy tax incentives, including the production tax credit (the “PTC”) for wind...more

Africa Update - December 2015 #2

Leading the News - Libya - On December 4th, international media reported that French military aircraft have flown reconnaissance and intelligence missions over Libya, including areas controlled by the Islamic State...more

Africa Update - November 2015 #3

Leading the News - Egypt: On November 12th, officials at the U.S. National Transportation Safety Board (NTSB) and the Federal Bureau of Investigation (FBI) noted while they had offered assistance to both Egyptian...more

New Mining Code in Gabon to Give a Major Boost to Investments

“Gabon remains unexplored” is the conclusion of the Société Equatoriale des Mines (“SEM”), a wholly-owned State company created in 2011 to facilitate the development of the country’s natural resources. Developing the mining...more

Reducing the Proportion of Nuclear Energy in France: The Legal Weaknesses of an Electoral Promise

As one of the main measures contributing to the creation of a new French energy model, the energy transition law of 17 August 2015, caps the proportion of electricity to be produced from nuclear plants....more

Trade & Manufacturing - November 2015

Little Used House Procedure Saves the Ex-Im Bank - Who would have guessed that congressional supporters of the Export-Import Bank (Ex-Im) would have used a House procedure established over 100 years ago, and not used...more

Africa Update - October 2015 #4

Leading the News - Tanzania: On October 25th, voters in Tanzania went to the polls to vote for a candidate to replace outgoing President Jakaya Kikwete, who was unable to run for a third term under the country’s...more

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