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Results: 1-10 of 39

EU terminates (re)insurance for Iranian petroleum imports, purchases, or transport on July 1, 2012

  • Steptoe & Johnson LLP
  • -
  • European Union, Iran
  • -
  • June 29 2012

On June 25, 2012, the Foreign Affairs Council (Council) of the European Union (EU) published a press-release stating that it will not renew an exemption, scheduled to end July 1, 2012, for the provision by EU insurers and (re)insurers, of environmental and third party liability coverage for the transport, import, or purchase of Iranian crude oil and petroleum products destined to non-EU countries

Insurance: Iran sanctions

  • CMS Cameron McKenna
  • -
  • European Union, Iran
  • -
  • October 23 2012

Last week saw the Council of the EU strengthen its position on Iran in the wake of similar US measures over the summer

New OFAC sanctions in the insurance industry

  • Edwards Wildman Palmer LLP
  • -
  • Iran
  • -
  • April 27 2011

On April 26, 2011 the Office of Foreign Assets Control ("OFAC") reported that another insurance company has been sanctioned for violating the Iranian Transactions Regulations

EU sanctions against Iran - extended for insurers, reinsurers and brokers

  • Herbert Smith Freehills LLP
  • -
  • European Union, Iran
  • -
  • April 2 2012

The EU's on-going concern about Iran's nuclear program has led to the implementation of further measures designed to bring economic pressure to bear upon the Iranian regime

Treasury updates sanctions

  • Dentons
  • -
  • Afghanistan, Iran, United Kingdom
  • -
  • January 4 2013

Treasury has updated the sanctions lists in respect of Iran and Afghanistan. An explanatory release sets out the increased restrictions on dealings with

Court of Appeal considers impact of Iran sanctions order on contract of insurance

  • Edwards Wildman Palmer LLP
  • -
  • Iran, United Kingdom
  • -
  • June 3 2011

In Arash Shipping Enterprises Company Limited v Groupama Transport, the Court of Appeal considered the impact of Council Regulation (EU) No.9612010 (the Regulation) on a contract of insurance

Lloyd's Market drafts exclusion to ensure compliance with Iran sanctions

  • Edwards Wildman Palmer LLP
  • -
  • Iran, USA
  • -
  • August 23 2010

As previously reported in this blog, President Obama signed into law the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (the "Iran Sanctions Act") in July, following the less stringent sanctions passed earlier by the U.N

New Iran sanctions target petroleum and financial services industries

  • Arent Fox LLP
  • -
  • Iran, USA
  • -
  • July 1 2010

Both the petroleum industry and financial services industry need to closely examine their international operations in light of new Iranian sanctions that will be signed into law today by President Barack Obama

Sanctions update

  • Reed Smith LLP
  • -
  • European Union, Iran, Libya, Syria, United Kingdom, USA
  • -
  • May 13 2011

This is a two part sanctions update

Iran sanctions update

  • Eversheds LLP
  • -
  • European Union, Iran, Syria
  • -
  • February 15 2012

In our previous note “Export control and sanctions guidance” published in our e-briefing dated 18 January 2012 we provided information relating to the impact of EU sanctions on Iran, in particular, the extent of such sanctions, to whom they apply and the penalties for breach

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