U.S. Iran Sanctions – All clear or are you confused about The EU Blocking Regulation?

Worried about orders to go to high risk or dangerous areas such as Yemen, Libya, West Africa or Venezuela?

Crowell & Moring Partner Michelle Linderman and Stephen Askins, Tatham Macinnes LLP, will look at the practical, legal and insurance implications

On August 7, 2018, EU’s newly updated Blocking Statute entered into force. The Blocking Statute generally forbids EU citizens and established entities, residents, and persons physically in the EU from complying with a variety of U.S. measures imposing secondary sanctions on Iran, including the Iran Sanctions Act of 1996, the Iran Freedom and Counter-Proliferation

On May 18, the EU Commission announced plans to protect EU companies doing business in Iran. This announcement comes in response to President Trump’s decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA), known as the Iran nuclear deal, and re-impose U.S. sanctions on Iran. The EU Commission plans to mitigate the extraterritorial