A Path To Safety For Companies Dealing With Iran

Law360, New York (November 12, 2010, 11:07 AM EST) -- Under the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (CISADA or the act), the president is required to initiate an investigation upon receipt of credible evidence that a company may be engaged in certain types of sanctionable business activities involving Iran.

Such investigations may lead to the imposition of mandatory sanctions against the targeted company, if the investigation confirms the alleged activities. However, CISADA includes a “Special Rule” that authorizes the U.S. government to cease pending investigations (or forgo the initiation of new investigations)...
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