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Results: 1-10 of 351

An update on the lifting of sanctions against Iran
  • DWF LLP
  • European Union, Iran, USA
  • March 18 2016

With Iran’s impressive oil and gas output, the marine and energy sectors are regarded as important areas of focus for Insurers and Reinsurers. As a


Insurer settles alleged sanctions violations with OFAC
  • Sidley Austin LLP
  • Cuba, Iran, North Korea, Sudan, USA
  • August 28 2015

On August 6 2015 the US Department of the Treasury's Office of Foreign Assets Control (OFAC) announced a $271,815 settlement with a US-based company


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


New York widens its probe into possible Iran-related transactions by accredited reinsurers
  • Locke Lord LLP
  • Iran, USA
  • July 25 2013

As previously reported here, the New York Department of Financial Services ("DFS") began a string of investigations last month into possible


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


New York Department of Financial Services looks at non-US reinsurers’ compliance with Iran sanctions law
  • Steptoe & Johnson LLP
  • Iran, USA
  • July 2 2013

For a state regulator, the New York Department of Financial Services ("DFS" or the "Department") has demonstrated an unusual interest in enforcing


U.S. Congress enacts further Iranian shipping sanctions
  • Winston & Strawn LLP
  • Iran, USA
  • August 7 2012

On August 3, 2012, the U.S. Congress presented to President Obama for his signature the Iran Threat Reduction and Syria Human Rights Act of 2012 (H.R. 1905


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

This is a two part sanctions update


California Office of Administrative Law disallows insurance department rule on Iranian investments
  • Hinshaw & Culbertson LLP
  • Iran, USA
  • October 12 2010

Yesterday afternoon, the California Office of Administrative Law ("OAL") issued a decision finding that a rule adopted by California Department of Insurance ("CDI") to restrict insurers' investment in companies that do business with Iran was an improper "underground" regulation


New Iran sanctions cover insurers and reinsurers
  • Jorden Burt LLP
  • Iran, USA
  • July 20 2010

HR 2194, the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 ("CISADA") (bill text and bill summary) was passed by Congress on June 24, 2010 and signed into law by President Obama on July 1, 2010