Wednesday, July 21, 2010

New US Sanctions Expand Risks for Non-US Companies Doing Business With Iran


On July 1, 2010, President Obama signed into US law new and tougher sanctions designed to discourage and punish non-US firms that provide support to Iran’s energy and financial sectors. Building and expanding on existing laws that the US Congress asserted needed to be strengthened, the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 expands the range of activities, persons and entities that could be penalized under US law.

This Alert discusses the key provisions of the new sanctions rules and their potential effect on an expanding list of targeted activities and actors.
Read more here.