News & Analysis as of

Aviation Industry Iran

Hogan Lovells

BIS adds a number of companies to the Entity List, including Iran Air

Hogan Lovells on

As of 16 March 2020 Iran Air and a number of other entities were placed on the Bureau of Industry and Security's (BIS) Entity List. Summary - Companies that use Iran Air as transport, particularly companies engaging in...more

Cozen O'Connor

OFAC Issues Iran-Related Civil Aviation Industry Advisory

Cozen O'Connor on

On July 23, 2019, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued an Iran-Related Civil Aviation Industry Advisory that discusses “deceptive practices by Iran with respect to the Civil Aviation...more

Holland & Knight LLP

How Will the United States’ Withdrawal From the Iran Nuclear Accord Affect the Aviation Industry?

Holland & Knight LLP on

On May 8, President Trump announced that the United States is withdrawing from the multilateral nuclear accord with Iran known as the Joint Comprehensive Plan of Action (JCPOA). The U.S. will reimpose sanctions suspended...more

Robinson+Cole Data Privacy + Security Insider

Aviation and Petrochemical Industries Subject to Hacking by Iran

Hackers working on behalf of the Iranian government have been targeting the aviation and petrochemical industries in the United States, Saudi Arabia, and South Korean since 2013, according to a report released by FireEye...more

The Volkov Law Group

New Sanctions Law Complicates Trade Compliance

The Volkov Law Group on

Politics and sanctions law go hand-in-hand. In a rare instance of bi-partisanship, Congress united to constrain the administration’s ability to modify the existing sanctions program against Russia. At the same time, Congress...more

Thomas Fox - Compliance Evangelist

From Altamont to Airbus

What was one of the most tragic events in the history of rock and roll? High up on the list must rank the Altamont concert, held at Altamont Race Track on December 6, 1969. It was so bad that many people felt the 60s actually...more

Cozen O'Connor

August 2016 Update on Significant DOT, FAA and Other Federal Agencies’ Aviation-Related Regulatory Actions

Cozen O'Connor on

This edition of the Cozen O’Connor Aviation Regulatory Update discusses new FAA reauthorization legislation, DOT awards for U.S. carrier scheduled service to Cuba, DOT’s decision to address consumer notification requirements...more

Baker Donelson

New License Authorizing U.S. Aircraft to Make Temporary Sojourns to Iran Marks Further Lifting of Secondary Sanctions

Baker Donelson on

Further weakening secondary sanctions, the Department of Treasury’s Office of Foreign Assets Control has issued a new license to allow non-U.S. persons to fly some U.S. aircraft to Iran for temporary sojourn. While General...more

King & Spalding

Opening Iranian Skies: OFAC Issues General License I to Jumpstart the Commercial Aviation Industry, and Iran Tests its Ballistic...

King & Spalding on

The sanctions stranglehold on Iran is loosening as the Obama Administration continues to chip away at restrictions on the commercial passenger aircraft industry. Pursuant to the phased enactment of the Joint Comprehensive...more

Sheppard Mullin Richter & Hampton LLP

US and EU Iran Sanctions Lifted: How to Proceed in the Aviation Sector?

On 16 January 2016, the United States and the EU lifted certain sanctions against Iran in compliance with the Joint Comprehensive Plan of Action (JCPOA) agreed among Iran, China, France, Germany, the Russian Federation, the...more

Baker Donelson

Is Iran Open for Business for U.S. Exporters?

Baker Donelson on

On August 7, 2015, the U.S. Government issued a revised Guidance regarding Iran and also issued a Third Amended Statement of Licensing Policy on Activities Related to the Safety of Iran’s Civil Aviation Industry. The bottom...more

King & Spalding

Finalized Iran Nuclear Deal Outlines Changes for U.S. and EU Sanctions

King & Spalding on

On July 14, 2015, negotiators from Iran, the EU, and the P5+1 countries —China, France, Russia, the United Kingdom, the United States, and Germany—announced that they had reached a consensus on the final text of the Joint...more

Cozen O'Connor

P5+1 Nations Reach Nuclear Deal with Iran

Cozen O'Connor on

On July 14, 2015, the P5+1 nations (United States, United Kingdom, France, Russia, China and Germany) and Iran announced that they had agreed upon a Joint Comprehensive Plan of Action (JCPOA) regarding Iran’s nuclear program....more

Cozen O'Connor

U.S. Government Provides Guidance Regarding Certain Temporary Aviation-Related Iran Sanctions Relief

Cozen O'Connor on

As previously advised, on January 20, 2014, Iran and the group of nations known as the P5+1 (United States, U.K., France, Russia, China and Germany) implemented a Joint Plan of Action (JPOA) whereby Iran agreed to accept...more

Faegre Drinker Biddle & Reath LLP

End Of The Iran Sanctions? Not So Fast…

After the Joint Plan of Action (JPOA) was signed last November by Iran and the P5+1 nations, many U.S. companies asked whether they could reestablish business relationships with Iran. That was a fair question, but...more

Baker Donelson

Real OFAC Policy Changes Toward Iran—OFAC will consider non Ag/Med exports

Baker Donelson on

As a new round of nuclear talks involving American, European, and Iranian leaders commence this week in Vienna it appears that the first-step deal agreed upon in January has already led to significant changes in OFAC’ s...more

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