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The United States Lifts Secondary Sanctions on Iran and Implements Other Limited Sanctions Relief

On January 16, 2016 the US government (OFAC) announced the lifting of U.S. nuclear-related (secondary) economic sanctions on Iran. OFAC also issued a general license to authorize certain transactions relating to foreign entities owned or controlled by a United States Person, and issued a statement of licensing policy for activities related to the exportation to Iran of commercial passenger aircraft. There will also be authorization for the importation into the United States of Iranian-origin carpets and foodstuffs. See our Economic Sanctions Update of 1/16/2016.

Click here for documents published by OFAC related to the foregoing.

Complex international financial transactions, investments, trade transactions, and economic sanctions. See how you can benefit from our unrivalled experience and abilities. Economic Sanctions Practice Brochure.

The Eren Law Firm

We are a responsive and results-oriented, boutique law firm that advises and represents banks, financial services companies, corporations, governments, individuals, and other clients on a variety of issues and matters.

Our core areas of expertise and concentration are financial, investment, and trade regulation; corporate transactions; international litigation/arbitration; and international law. In the area of financial and trade regulation, the combined quality and years of experience of our lawyers, both within and outside of the US government, makes us one of the world’s leading firms in the area of economic sanctions.

The kind, blend, and strength of our expertise and capabilities ensure that our clients receive advice, representation, and insight that protect and advance their interests.