The Comprehensive Iran Sanctions, Accountability and Divestment Act 2010: Impact on charterparty obligations

more+
less-

Introduction

This is an update to our March shipping briefing.

Our March briefing discussed the impact of U.S. legislation then under discussion to strengthen and widen the impact of sanctions against Iran. This legislation is now known as the Comprehensive Iran Sanctions, Accountability and Divestment Act 2010 (the "Act"). The Act was signed by President Obama yesterday, 1 July and has therefore now come into force.

Before discussing the Act and its impact it is also important to note that this is not the only development in this area, as set out in the Reed Smith June alert on United Nations, U.S. and EU sanctions against Iran.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Administrative Agency Updates, General Business Updates, Elections & Politics Updates, International Trade Updates

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.

© Reed Smith | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »