News & Analysis as of

Settlement Embargo

Kelley Drye & Warren LLP

Takeaways from OFAC’s $4.1 Million Settlement with Berkshire Hathaway

Kelley Drye & Warren LLP on

This week, the Office of Foreign Assets Control (OFAC) announced a settlement agreement with Berkshire Hathaway Inc. involving apparent violations of the U.S. embargo on Iran by a subsidiary in Turkey. Under the agreement,...more

Skadden, Arps, Slate, Meagher & Flom LLP

"US Announces Record-Setting Penalties for Violations of Export Controls and Economic Sanctions"

On March 7, 2017, the United States announced that China’s Zhongxing Telecommunications Equipment Corporation and ZTE Kangxun Telecommunications Ltd. and their respective affiliates (collectively, ZTE) had agreed to a record...more

King & Spalding

United States and Cuba Launch Talks Over Property Claims

King & Spalding on

On December 8, the United States and Cuba met for the first talks on a variety of property claims that arose over the last 66 years. The meeting, which occurred a year after the bilateral announcement by Presidents Obama and...more

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