Date: 15 June 2016
“U.S. Embargoes and Sanctions – Knowing and Navigating the Changing Field in International and Cross-Border Deals”
Over the last 18 months, the U.S., alone or with others, has changed its application of embargoes and sanctions as they apply to certain countries and individuals. The U.S. has started on a path of détente with Cuba, and investors are lining up to do business in Cuba for a variety of reasons, whether for shipping hubs or bases of operations, marina and harbor projects, or other opportunities. In contrast, the U.S. has imposed new and additional sanctions on Russia and Syria, which has complicated pending and existing deals and projects for many. Somewhere in the middle of détente and a strained relationship, the U.S. has eased many sanctions previously applicable to Iran. With each of these, however, there are restrictions imposed by the U.S., and with the changes – whether toward détente or away – the differences present new risks to the business community. Ronald will map the field regarding U.S. sanctions and chart a course for managing multijurisdictional compliance within the U.S. embargo and sanction requirements.