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Results: 11-20 of 40

United States increases sanctions against Iran

  • Reed Smith LLP
  • -
  • Iran, USA
  • -
  • July 13 2012

On 12 July 2012, the United States Treasury’s Office of Foreign Assets Control made some important shipping-related changes to its Iran sanctions regime

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

Ban on insurance of tankers carrying Iranian oil

  • Edwards Wildman Palmer LLP
  • -
  • European Union, Iran
  • -
  • June 19 2012

On 1 July 2012, a European Union (EU) ban on payment by EU-based insurers of any claims related to the shipment of oil or oil products across Iran’s borders comes into force

Iran-related investment bill clear's California State Assembly

  • Barger & Wolen LLP
  • -
  • Iran, USA
  • -
  • May 25 2012

The California Assembly this morning passed a bill that would require the Insurance Commissioner to treat a domestic insurer's investment in a company that does business in Iran as a non-admitted asset

Iran-related investment bill clears committee

  • Barger & Wolen LLP
  • -
  • Iran, USA
  • -
  • May 2 2012

On May 2, 2012, the California Assembly Insurance Committee approved a bill that would direct the insurance commissioner to treat a domestic insurer’s investment in a company that has business operations in Iran as a non-admitted asset

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

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

California Department of Insurance settles suit over Iran investments

  • Barger & Wolen LLP
  • -
  • Iran, USA
  • -
  • February 6 2012

On January 27, the California Department of Insurance (“DOI”) issued a news release that it had reached a settlement in its lawsuit that sought to require insurers to disclose investments in companies doing business with Iran

Cease and desist severe new restrictions on dealing with Iranian banks

  • Mayer Brown LLP
  • -
  • Iran, United Kingdom
  • -
  • November 22 2011

You may have seen reports of the latest round of financial sanctions imposed by the UK Government against Iran, which were announced, and became effective, yesterday

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

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