Asset Management

• Gulf countries: recent trends in the defence sector

  Article

  Submitted: 14 January 2019

  This article provides high-level thoughts from the point of view of a legal professional living in the Gulf and advising international defence contractors on some of the recent trends in the defence sector in the region.

• EU blocking statute on Iran-related nuclear sanctions released

  Article

  Submitted: 14 June 2018

  The EU Commission has now "adopted" the much awaited EU blocking statute. What does it do? In short it seeks to provide protection to EU-based companies from engaging in sanctions-compliant business with Iran. It is in effect the EU trying to keep the Iran nuclear deal alive despite the withdrawal by the US. This article highlights the key features of the recent action.

• U.S. Iran-related Nuclear Sanctions to be Reimposed

  Article

  Submitted: 13 May 2018

  On 08 May 2018, U.S. President Donald Trump announced that “the United States will withdraw from the Iran nuclear deal”, known formally as the Joint Comprehensive Plan of Action (the JCPOA), and that the “highest level of economic sanctions” will be imposed by the United States on Iran.

• AIG OFAC enforcement decision: Lessons in self-disclosure and cooperation

  Article

  Submitted: 07 August 2017

  The recent AIG OFAC Enforcement Notice (the AIG Notice) provides valuable insight into areas that international insurance and financial services organisations should be mindful of from a sanctions-risk mitigation perspective. The AIG Notice also presents some valuable lessons, in light of OFAC’s Economic Sanctions Enforcement Guidelines on some of the potential benefits of self-disclosure and co-operation.

• Iran Sanctions Settlement: Messages to take from the recent OFAC ZTE settlement

  Article

  Submitted: 01 June 2017

  The US Treasury Department’s Office of Foreign Assets Control (OFAC) entered into a US$ 100,871,266 settlement agreement with Zhongxing Telecommunications Equipment Corporation (ZTE) to settle its civil liability for alleged violations of US sanctions law applicable to Iran-related transactions.

• Further guidance from OFAC on the Iranian nuclear deal

  Article

  Submitted: 07 February 2017

  This article explores the issue of "snapback" under the Iran nuclear agreement, in light of updated guidance from OFAC and existing provisions under EU regulation.

• Recent update to Iran sanctions - Sanctioned entities/persons added

  Article

  Submitted: 07 February 2017

  This article explores the recent announcement of additional sanctioned persons/entities added by OFAC in the USA relevant to Iran, and the practical considerations this may lead to for companies considering or engaged in Iran-related business.

• The impact of regional instability in the Middle East on asset allocation

  Webinar

  Submitted: 18 February 2016

  This webinar looks at asset allocation strategies for the region in 2016.

• Iran's "Implementation Day": nuclear-related sanctions automatically lifted

  Article

  Submitted: 18 January 2016

  An update on the current situation regarding Iranian sanctions in light of Implementation Day being reached.

• Iran: Understanding the nuclear deal and its effect on sanctions

  Article

  Submitted: 19 August 2015

  We consider the recent Iranian nuclear deal and its key elements, including its scope and timeline, as well as the possible implications across a number of sectors.