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What Cos. Must Know About The Return Of Iran Sanctions

Law360 (August 10, 2018, 11:32 AM EDT) -- As expected, following his May 8, 2018, decision to withdraw the United States from the Joint Comprehensive Plan of Action, or JCPOA, President Donald Trump signed a new executive order on Aug. 6, 2018, formally reimposing certain sanctions with respect to Iran. This new executive order on Iran marks the end of the first 90-day wind-down period for JCPOA compliant activity, and certain categories of activity involving Iran and occurring after Aug. 6, 2018, are now prohibited or sanctionable for U.S. and foreign persons.

Additional authorities provided by the new Iran EO, as well as under pre-existing statutes, will come into...

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