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Sanctions Against Iran 2013-2014


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.


2010

- 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

Economic sanctions issues are increasingly complex and penalties for violations US/OFAC sanctions have increased, and new enforcement and penalty guidelines have been issued. Learn more.

US Relaxes Cuba Embargo – September 2009

Learn more


2007 - 2009

Notable Representative Matters

EREN 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.


October 2007

Economic Sanctions Penalties

New increased penalties for economic sanctions violations.
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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 Order

Claimant'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
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MHS's Letter of July 3, 2006 (w/enclosures)
PDF Transcript Excerpt 1 Transcript Excerpt 2 Transcript Excerpt 3

MHS's December 17, 2006 Comments on the Issue of Investment
PDF MHS's 12 17 2006 Comments on Investment Final

Malaysia's Comments on the Issue of Investment
Malaysia Comments 1 Malaysia Comments 2

Malaysia's Letter of January 9, 2007
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MHS's Letter of January 12, 2007
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MHS’s Submission of March 21, 2007 on the Issue of Investment
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Malaysia’s Submission of March 22, 2007 on the Issue of Investment
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Award on Jurisdciton of May 17, 2007
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MHS’s Petition for Annulment of May 17, 2007 Award – TBA/TBD



May 2006

International Arbitration

Libananco v. Turkey (ICSID)

Case Commentary: - US $ 10.1 Billion Claim Against Turkey for Alleged Unlawful Seizure/Taking of Two Electric Utility Companies in Turkey (ICSID). English Turkish


November 2005

Steven Pinter offers a unique perspective on the U.S. economic embargo against Cuba at the U.S. Agricultural Export Development Council's November 2005 conference.
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September 2005

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).


October 2005

The Eren Law Firm goes public with news of its new Doing Business in Libya Legal and Strategic Advice Practice.
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July 2005

Sanctions and Anti-Money Laundering Practice News Release.
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February 2005

The Eren Law Firm Represents Cuban Refugees Seeking Political Asylum in The United States.


January 2005

The Eren Law Firm Instructed to Represent an ICSID Arbitration Claimant Against a Southeast Asian Sovereign.
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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.


December 2004

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.


November 2004

Former Key Senior U.S. Treasury Official, Steven Pinter, former Chief of Licensing at the U.S. Treasury's Office of Foreign Assets Control (OFAC) Joins The Eren Law Firm.
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September 2004

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.


May 2004

Professor Bruno A. Ristau, A Leading International Arbitration and Litigation Expert and Lawyer Joins The Eren Law Firm.
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February 2003

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.


February 2002

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.