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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

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

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

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

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

This is a two part sanctions update

Iran-related investment bill clear's California State Assembly
  • Hinshaw & Culbertson 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

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

US, EU announce JCPOA Adoption Day actions
  • Steptoe & Johnson LLP
  • China, European Union, France, Germany, Iran, Russia, United Kingdom, USA
  • October 18 2015

Today is “Adoption Day” under the Joint Comprehensive Plan of Action (“JCPOA”) agreed to between Iran and the “P51 countries (US, UK, France, China

Irannotices begin to roll into the SEC
  • Stinson Leonard Street LLP
  • Iran, USA
  • February 12 2013

A number of companies have filed IRANNOTICEs on EDGAR with the SEC (thanks to Broc Romanek for pointing this out). The notices reference disclosures

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