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Results: 1-10 of 384

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


EU Ends Economic and Financial Nuclear-Related Sanctions against Iran, but Some Limitations Remain
  • Pillsbury Winthrop Shaw Pittman LLP
  • European Union, Iran, USA
  • January 19 2016

With the arrival of "Implementation Day" on January 16, 2016, the EU has lifted all economic and financial sanctions related to the Iranian nuclear


Iran Monthly Update - February 2016
  • Herbert Smith Freehills LLP
  • Canada, Germany, Ghana, Iran, Italy, Japan, Russia
  • February 22 2016

This update aims to provide a brief overview of key developments which have occurred in Iran during the past month and to highlight areas of future


California Department of Insurance settles suit over Iran investments
  • Hinshaw & Culbertson 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


Iran Sanctions Update: Council Regulation (EU) No. 9612010
  • Reed Smith LLP
  • European Union, Iran
  • October 28 2010

ContextThe EU Council Decision of 26 July 2010 was only immediately effective against those to who it was addressed, i


New OFAC sanctions in the insurance industry
  • Locke Lord 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


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


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


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