Iran

News & Analysis as of

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

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

The Digital Download - Alston & Bird’s Privacy & Data Security Newsletter – May 2016

Special Focus on “Safe Harbor 2.0,” Privacy Shield and E.U. Data Transfers: Alston & Bird’s privacy team has been closely following the development of Privacy Shield, the proposed successor to the E.U.-U.S. Safe Harbor...more

Supreme Court Order Allows Victims of Terrorism to Collect from Frozen Funds of Iranian Central Bank

On April 20, the Supreme Court held in Bank Markazi v. Peterson that Section 8772 of the Iran Threat Reduction and Syria Human Rights Act of 2012 does not violate separation of powers principles. Bank Markazi v. Peterson, No....more

New Business Opportunities in Iran! Who Will Be Your Banker? Non-U.S. Banks Hesitant to Process Lawful Iran Transactions…and for...

- Sanctions relief presents new business opportunities with Iran - Most U.S. companies are still prohibited from Iran business, but the U.S. government is encouraging lawful business by non-U.S. companies - The...more

New Model Iranian Petroleum Contract

As we look forward to the release of the new model Iranian Petroleum Contract, Dentons' oil and gas partners James Dallas and Alistair Black analyse the contents of the recently released "Principles of the New Contract Model"...more

Recent indictment underscores threat to financial institutions’ cybersecurity

In an era of cyberwarfare, financial institutions can find themselves in the crossfire. The U.S. government indicted seven Iranian hackers last week, charging the individuals for their roles in a 2011 series of cyber-attacks...more

OFAC Authorizes Certain Commercial Passenger Aircraft Transactions with Iran

On March 24, 2016, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License I authorizing U.S. persons to undertake certain transactions ordinarily incident to the negotiation of, and...more

OFAC Issues New General License for Some Aircraft Negotiations with Iran (IRB No. 551)

On March 24, 2016, the Office of Foreign Assets Control (“OFAC”) published Iran General License I which is designed to permit U.S. persons seeking to sell civil passenger aircraft and parts to Iran to negotiate executory...more

Epsilon Case Highlights the Need for Sanctions Due Diligence on Resellers

As global companies begin to reenter the Iranian market, a decision issued by the U.S. District Court for the District of Columbia is an important reminder that resellers and distributors can generate liability for U.S....more

Department of Justice Indicts Seven Iranians for State-Sponsored Hacking

The Department of Justice has announced the indictment of seven Iranian hackers alleged to work for the Iranian government on charges stemming from a coordinated string of distributed denial of service (“DDoS”) attacks...more

Investment in Iran After Implementation Day

January 16, 2016, marked the Implementation Day that recognised the certification by the International Atomic Energy Agency that Iran had met its obligations under the July 2015 Joint Comprehensive Plan of Action (JCPOA), a...more

Changes to Immigration Law Block Journalist’s Entry to the U.S.

A BBC journalist was recently rejected from boarding a plane to the U.S. under new immigration rules rules passed in 2015. Rana Rahimpour, a London based journalist with dual British-Iranian citizenship, was attempting to fly...more

European Union and United Kingdom Sanctions Update: March 2016

Below is a summary of developments since our previous update in January relating to European Union (“EU”) sanctions on Iran, Russia, Belarus, North Korea and other jurisdictions as well as highlights of recent changes with...more

Iran Sanctions Eased, But Restrictions Remain

Canadian companies with U.S. operations must keep alert to developments in U.S. sanctions laws. Such sanctions apply to any entity organized under the laws of a U.S. jurisdiction (regardless of foreign ownership of such...more

Tokyo Dispute Resolution and Crisis Management Newsletter - February 2016

Implementation Day Arrives: Sanctions on Iran are Lifted - Status update on the effect to US and EU Sanctions - Implementation Day – the day the International Atomic Energy Agency (“IAEA”) announced that Iran had...more

Your daily dose of financial news The Brief – 2.18.16

What’s this? A rally hat trick for Wall Street? Asking for 4 might just be greedy at this point, but Mikey needs a new pair of shoes . . . – WSJ and Bloomberg... Even much-maligned bank stocks were feeling the love...more

Energy Newsletter - February 2016

Middle East PPP Policy Developments: Kuwait and Dubai - Introduction - In a climate of falling oil prices and tightening government budgets, several states in the Gulf Cooperation Council region (GCC) are looking...more

Alert: Cuban and Iranian Embargoes Lifted? Not so Fast…Restrictions Remain on Certain Academic and Research Activities

Much has been written recently about the lifting of the US embargoes targeting Iran and Cuba. Despite recent liberalization in discrete areas (e.g., travel, family remittances, and internet based communications),...more

New U.S. Visa Restrictions Eased for European Countries

The Obama administration recently announced that it was relaxing newly implemented restrictions to the Department of State’s Visa Waiver Program. The announcement marks the quick backtracking of travel restrictions set up by...more

New U.S. Visa Restrictions Eased for European Countries

The Obama administration recently announced that it was relaxing newly implemented restrictions to the Department of State’s Visa Waiver Program. The announcement marks the quick backtracking of travel restrictions set up by...more

Changes to the Visa Waiver Program Enacted

On December 18, 2015, Congress enacted HR 158 “Visa Waiver Program Improvement and Terrorist Travel Prevention Act of 2015” (“the Act”), which changed Visa Waiver Program (“VWP”) traveler eligibility requirements for a...more

Key Export Compliance Issues For 2016

The following are a number of important strategic issues to be considered in the export compliance area for the new year. 1. Recent Country Amendments – New Obligations and New Opportunities. There have been export...more

Overview of US and EU “Implementation Day” Guidelines on Iran Sanctions Relief

This overview describes the status of US and EU sanctions following the first round of nuclear-related sanctions relief that occurred on “Implementation Day” under the Joint Comprehensive Plan of Action (JCPOA) concluded with...more

Business Opportunities in Iran for US Automotive Manufacturers through non-US Subsidiaries

Implementation Day for the Iranian JCPOA - January 16, 2016 marked Implementation Day for the Joint Comprehensive Plan of Action (JCPOA), as the US Secretary of State confirmed that the International Atomic Energy Agency...more

Changes to Iran Sanctions Provide a Few Business Opportunities, but Many Hurdles

On January 16, 2016, the International Atomic Energy Agency verified that Iran had implemented nuclear reforms negotiated among the United States, the European Union and Iran, a milestone in the agreement referred to as the...more

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