U.S. Imposes New Sanctions Against Iran

On July 31, 2012 the President issued an Executive Order authorizing “Additional Sanctions With Respect to Iran” and on August 1 the Congress passed the “Iran Threat Reduction And Syria Human Rights Act of 2012,” which awaits the President’s signature. These sanctions have the potential to significantly impact the financial, shipping and marine insurance sectors. For a Client Alert detailing the provisions of the Executive Order and the Act, click here. If you have questions, contact Bill Juska, Gina Venezia or Bill Pallas.