New US Sanctions Against Iran: Implications for Both US and EU Companies

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Over the course of the past month, the United States has announced a number of significant new measures that expand US sanctions against Iran. What is significant about these new measures is that they explicitly target certain activities of non-US companies as well as US companies.

Businesses on both sides of the Atlantic therefore need to be up-to-speed with the new measures and the implications on their commercial activities.

Senate Bill

At the beginning of this week, the US Senate approved a new package of sanctions on Iran (the Bill). The Bill now needs to be reconciled with the House of Representatives before it is signed into law by President Obama.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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