US: Recent Sanction Developments
The UK P&I Club have received the following update from Freehill, Hogan and Mahar LLP, regarding recent sanction developments.
The U.S. authorities have taken new actions this week in relation to the sanctions targeting global corruption and also Iran which measures have potential impacts to both U.S. and non-U.S. persons operating in the shipping industry.
The full update can be read here. If Members have any questions regarding this issue, your usual contact at the Club would be pleased to assist you.
Client_Alert_on_Recent_Sanctions_12_December (700 KB)
Source UK P&I
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The UK P&I Club have received the following update from Freehill Hogan & Mahar LLP, regarding the recent sanctions imposed on Iran by the U.S. administration.
On August 2, 2017, President Trump signed into law the "Countering America's Adversaries Through Sanctions Act". The Act imposes new and further sanctions on Iran, Russia and North Korea.