U.S. Iran Sanctions Laws July 2010 – August 14, 2012
The United States has supplemented Iran sanctions laws in force since 1995 (the Iranian Transactions Regulations, the Weapons of Mass Destruction and Proliferation Sanctions Regulations, and their underlying Executive Orders, which are still in force) and gradually increased the sanctions pressure on Iran since July 2010 through the following additional, successive sanctions laws:
- Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (CISADA). Economic Sanctions Update. July 1, 2010. Summary.
- Executive Order 13553. Blocking Property of Certain Persons With Respect to Serious Human Rights Abuses by the Government of Iran and Taking Certain Other Actions. September 29, 2010.
- Executive Order 13574. Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Sanctions Act of 1996, as Amended (CISADA). May 23, 2011.
- Executive Order 13590. Sanctions With Respect to the Provision of Goods, Services, Technology, or Support for Iran’s Energy and Petrochemical Sectors. November 20, 2011. Summary.
- The National Defense Authorization Act for the Fiscal Year 2012 (NDAA), 31 December 2011, implemented, in part, by Executive Order 13599 (Blocking Property of the Government of Iran and Iranian Financial Institutions), February 6, 2012, and relevant regulations. Summary.
- Executive Order 13606. Sanctions with Respect to Grave Human Rights Abuses by the Governments of Iran and Syria via Information Technology. April 23, 2012.
- Executive Order 13608. Sanctions Against Foreign Evaders of U.S. Iran and Syria Sanctions. May 1, 2012. Summary.
- Executive Order of July 31, 2012. Expanding the Categories of Sanctionable Activity and Authorizing the Imposition of Sanctions for such Activity. Summary.
- The Iran Threat Reduction and Syria Human Rights Act of 2012 (formerly known as the Iran Sanctions, Accountability, and Human Rights Act of 2012). August 10, 2012. Summary.
- New U.S. Iran Sanctions Law - Comprehensive Iran Sanctions, Accountability and Divestment Act (CISADA). Economic Sanctions Update.
- Iran Sanctions Impacting Insurers and Ship Owners - Economic Sanctions Topics.
- European Union Economic Sanctions Against Iran. Economic Sanctions Update.
2009 - 2010
Corporate, Cross-Border Mergers & Acquisitions
2009 - The Eren Law Firm, as lead counsel, completes cross-border strategic acquisition for leading industrial group.
2010 - The Eren Law Firm advises a notable European company on the sale of its Moroccan subsidiary to an American company. Our work in this matter also included undertaking and completion of the documentation of the transaction and advice on local law. The sale was part of a disposition of other subsidiaries around the world.
Financial Regulatory, Economic Sanctions
US Relaxes Cuba Embargo – September 2009
2007 - 2009
Notable Representative MattersEREN Lawyers - News 12 2009
Summer - Winter 2007
Economic Sanctions Compliance Program and Compliance Audit/Forensic Review
The Eren Law Firm designs and completes a comprehensive OFAC economic sanctions compliance program for a major US financial services company with international operations and constituents, and also conducts a forensic review of transactions in the past 5 years that may have implicated sanctions prohibitions.
September - December 2007
Corporate, Cross-Border Mergers & Acquisitions
The Eren Law Firm provides comprehensive advice and representation to, and negotiates and drafts agreements for, a major US and European industrial group with respect to the Group's international acquisition of an ongoing business and its assets. The firm, among other things, conducted due diligence, advised on regulatory matters, and negotiated and drafted acquisition, employment, and lease agreements related to the acquisition. Transaction closed 12/2007.
Economic Sanctions Penalties
Through June 2007
MHS v. Malaysia (ICSID)
The Eren Law Firm Represents a UK Claimant Against Malaysia Pursuant to the UK/Malaysia Bilateral Investment Treaty (ICSID)
Case Submissions and Decisions in Chronological OrderClaimant's Memorial on Jurisdiction w/o exhibits
Respondent's Memorial on Jurisdiction w/o exhibits
Claimant's Reply Memorial on Jurisdiction w/o exhibits
Respondent's Reply Memorial on Jurisdiction w/o exhibits
Transcript of Hearing Held in Frankfurt on Jurisdiction
Claimant's Post-Jurisdiction Hearing Submission and exhibit
Respondent's Post-Jurisdiction Hearing Submission w/o exhibits
Malaysia's Letter of July 3, 2006
Malaysia's Letter of January 9, 2007
MHS's Letter of January 12, 2007
Malaysia’s Submission of March 22, 2007 on the Issue of Investment
Award on Jurisdciton of May 17, 2007
MHS’s Petition for Annulment of May 17, 2007 Award – TBA/TBD
Libananco v. Turkey (ICSID)
The Eren Law Firm is retained to advise a sovereign and its instrumentalities with respect to an action in federal court in the SDNY seeking attachment of and execution against the assets of the instrumentalities pursuant to the Terrorism Risk Insurance Act (TRIA).
The Eren Law Firm Represents Cuban Refugees Seeking Political Asylum in The United States.
One of the world's largest companies hires The Eren Law Firm to advise it on a continuing basis with respect to U.S. economic sanctions, export controls and other U.S. trade regulatory matters such as the Foreign Trade Regulations.
Former Treasury/OFAC Officials Steven Pinter and Hal Eren Advise and Represent U.S. and Non-U.S. Banks and Other Financial Institutions on Issues Related to OFAC Sanctions and the anti-money laundering provisions of the USA PATRIOT ACT.
Lawyers of The Eren Law Firm in Washington, D.C. and Tripoli begin to advise and counsel major U.S. companies on the legal and political aspects of doing business in Libya, as well as on related opportunities and associated risks.
One of the world's largest wealth management companies hires the Eren Law Firm to regularly advise it on economic sanctions and anti-money laundering compliance issues.
Hal Eren departs Clifford Chance and establishes The Eren Law Firm.
The Eren Law Firm is mandated by one of the world's largest international banks engaged in New York dollar-clearing to provide the bank with continuous advice on financial regulatory matters, including but not limited to, trans-jurisdictional matters implicating anti-money laundering laws and regulations, economic sanctions, securities laws, and U.S. Federal Reserve-administered regulations.