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Results: 1-10 of 381

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


Insurance: economic sanctions against Iran
  • CMS Cameron McKenna
  • European Union, Iran, United Kingdom, USA
  • January 26 2016

The recent relaxation of sanctions against Iran opens up opportunities in a potentially significant market for London Market (re)insurers


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


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


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


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


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


The Iran sanctions program: is there relief in sight for reinsurers under the Iran nuclear agreement?
  • Locke Lord LLP
  • Iran
  • September 9 2015

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) administers complex and comprehensive trade and financial sanctions


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