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Results: 1-10 of 258

US sanctions and foreign insurers: will Iran soon be open for business?
  • Clyde & Co LLP
  • Global, Iran, USA
  • June 9 2015

For the past five years, non-US insurers have faced a growing array of US-Iran "secondary sanctions". Most non-US insurers are keenly aware of the


Framework agreement with Iran unclear as to when and which sanctions will be lifted; stepped up enforcement to continue after record sanctions fines
  • Arnold & Porter LLP
  • China, France, Germany, Iran, Russia, United Kingdom, USA
  • April 13 2015

In what may represent a sea change in US-Iran relations, on April 2, 2015, Iran and the United States, along with the United Kingdom, France, Russia


Iran economic sanctions update
  • Locke Lord LLP
  • Iran, USA
  • January 31 2014

The United States has maintained economic sanctions against Iran consistently since 1979, with only a brief relaxation of the restrictions in the


New York initiates investigations into possible violations of the latest U.S. sanctions against Iran
  • Locke Lord LLP
  • Iran, USA
  • July 12 2013

The New York Department of Financial Services ("DFS") has recently begun a string of new investigations into possible violations by non-U.S


California continues to publicize insurers involved in Iranian investments
  • Locke Lord LLP
  • Iran, USA
  • February 15 2013

In recent years, California has sought to establish disincentives for insurance companies to invest in certain sectors of the Iranian industry


U.S. expands secondary sanctions on non-U.S. parties doing business with Iran: what insurers and reinsurers need to know
  • Sidley Austin LLP
  • Iran, USA
  • July 22 2013

Effective July 1, 2013, the United States imposed further secondary sanctions on non-U.S. parties who engage in trade or other transactions with Iran


Suspension of U.S. and E.U. sanctions on insurance related to Iran’s petrochemical exports
  • Locke Lord LLP
  • European Union, Iran, USA
  • December 16 2013

On November 24, Iran entered into a Joint Plan of Action with the United States, China, the Russian Federation, France, Germany, and the United


IFCPA potentially expands US sanctions against Iran to non-US insurers and reinsurers
  • Locke Lord LLP
  • Iran, USA
  • May 29 2013

President Obama signed the National Defense Authorization Act for Fiscal Year 2013 into law in January 2013, which includes a section entitled the


Four insurers subpoenaed as part of Iranian sanctions investigation; suspected of insuring foreign commodities trader accused of violating trade sanctions against Iran
  • Locke Lord LLP
  • Iran, USA
  • April 11 2014

The New York Department of Financial Services ("DFS") has issued subpoenas to four insurers as part of an ongoing probe into violations of U.S. trade


Aon Energy settles with OFAC after alleged sanctions violations
  • Locke Lord LLP
  • Iran, USA
  • February 15 2011

Aon International Energy, Inc. ("Aon Energy") has entered a $36,000 settlement with the Office of Foreign Assets Control ("OFAC") after allegations that the broker violated the Iranian Transactions Regulations