This post was also written by Matthew J. Thomas and Charles A. Brown.
Yesterday, Treasury’s Office of Foreign Assets Control (OFAC) made dozens of significant additions to its list if Iran-linked sanctioned parties, adding new energy, finance and shipping companies, as well as many new individuals and vessels. An update from our shipping, energy and commodities lawyers explains what is behind these latest moves, and what they mean for international business.
For additional information, please click here to read the issued Client Alert.