Syrian Oil Still Risky Business As EU Yanks Embargo

Law360, New York (May 8, 2013, 7:39 PM EDT) -- The European Union recently lifted its oil embargo against Syria in the hopes of financially boosting rebels in the war-torn Middle East nation, but attorneys warn that European companies contemplating doing business with the opposition risk lawsuits over purchasing illegitimate oil and could easily trip over a U.S. embargo still in effect.

The Council of the European Union — one of the EU's two legislative chambers — voted April 22 to loosen an embargo first imposed in September 2011 in response to the Syrian government's violent...
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