News & Analysis as of

Shipping Financial Transactions

White & Case LLP

New UK sanctions target Russian Central Bank and Shipping

White & Case LLP on

Late on 01 March, the UK introduced additional legislation to implement shipping sanctions, as well as further financial sanctions on Russia (in addition to two other pieces of legislation that were announced earlier in the...more

Sheppard Mullin Richter & Hampton LLP

Today, President Trump Decertified the Iran Deal and Announced Tougher Sanctions on Iran

What does decertification mean? For the time being, decertification is a solely U.S. issue. Under the Iran nuclear agreement (known as the Joint Comprehensive Plan of Action, or JCPOA), Iran agreed to limits on its nuclear...more

Dechert LLP

Adoption Day in Iran Sanctions Deal: US and EU Give Clarification, But No Lifting of Sanctions Yet

Dechert LLP on

The United States and European Union took preparatory steps on 18 October 2015 to begin fulfilling their commitments to suspend certain sanctions against Iran pursuant to the Joint Comprehensive Plan of Action (“JCPOA”)...more

Morgan Lewis

US Government Further Relaxes Trade Restrictions with Cuba

Morgan Lewis on

However, the new transaction rules leave the embargo largely in effect. Early this week, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and...more

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