Sanctions Update

This alert follows on from our client alert of 7 January 2013, relating to the implementation of Council Regulation (EU) No. 1263/2012 against Iran, which can be found here.

The year 2013 will inevitably bring further restrictions for companies in the form of sanctions regimes. In an effort to help our clients navigate through the complex plethora of sanctions, Reed Smith’s Sanctions Team has developed the following steering tools:

An interactive reference guide to the specific sanctions regimes, identifying the designated individuals and entities with which it is prohibited to conduct business.

A flowchart dedicated to the U.S., EU, UK and UN sanctions regimes against Iran, aimed at providing a guide on the impact of sanctions on transactions involving Iranian entities, or the transportation of goods into or out of Iran.

Both of these are available here.

If you have any queries about the contents of this alert, or about the sanctions regimes in general, please contact one of the authors of this alert, sanctionsteam@reedsmith.com or your usual contact at Reed Smith.

Please note, these tools, our previous publications, and useful links are now available on our new sanctions page at http://www.reedsmith.com/Sanctions/

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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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