News & Analysis as of September 20, 2024

Joint Comprehensive Plan of Action (JCPOA)

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The National Defense Authorization Act is a United States federal statute enacted each year to specify the budget and expenditures of the Department of Defense. The NDAA identifies which agencies are responsible for national defense, provides funding for those agencies and includes instructions on proper use of the funds. less -

Iran sanctions update – US announces it will not re-issue sanctions waivers for Iran oil imports to any country

Eversheds Sutherland (US) LLP on 4/29/2019

On Monday, the United States announced that it would not extend the temporary waivers that were granted to eight countries last November allowing them to purchase Iranian oil without threat of sanctions. The temporary waivers...more

Reinstatement of Iran Sanctions

Pillsbury - Global Trade & Sanctions Law on 11/6/2018

On November 5, 2018, OFAC announced a large number of Iran-related sanctions designations and issued guidance on the end of the 180-day wind down period. ...more

Red Notice Newsletter - August 2018

Akin Gump Strauss Hauer & Feld LLP on 9/6/2018

ANTICORRUPTION DEVELOPMENTS - $34 Million SEC Settlement for Legg Mason - On August 27, 2018, the Securities and Exchange Commission (SEC) announced that Legg Mason Inc. will pay more than $34 million to settle an...more

International Law Bulletin - Vol. 22, No. 7

Nelson Mullins Riley & Scarborough LLP on 8/8/2018

INTERNATIONAL BUSINESS AND TRADE - Dumping - U.S.: Imports of a type of polyester from Asia will face new anti-dumping duties of up to 50% under a recent International Trade Commission (ITC) ruling issued on July 19, 2018 ...more

Client Alert: Iran Sanctions Return

Sheppard Mullin Richter & Hampton LLP on 5/14/2018

1. All sanctions on Iran that were in place before January 2016 will be re-imposed no later than November, 4 2018. 2. Secondary sanctions that penalize non-U.S. persons doing business with Iran will be reinstated. 3....more

US Announces Withdrawal from JCPOA

Pillsbury - Global Trade & Sanctions Law on 5/8/2018

Today, President Trump announced his intention to withdraw the United States from the Joint Comprehensive Plan of Action (JCPOA) and to impose the “highest level of economic sanctions” on Iran. The Office of Foreign Assets...more

Implementation Day: Do the Rules Let You Play in the New Ballgame for Business in Iran?

Sheppard Mullin Richter & Hampton LLP on 7/19/2015

After a twelve-year standoff that saw the United States and Europe ratchet up sanctions pressure on Iran, a diplomatic breakthrough has been reached. But robust trade between Iran and the West will not arise immediately,...more

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