Even After Iran Deal, Foreign Cos. Still Fear US Sanctions
Law360, New York (September 12, 2016, 12:50 PM EDT) -- Non-U.S. companies were supposed to be the biggest winners of the historic Iran nuclear accord, which erased the stringent sanctions on foreign entities' dealings with the embattled nation, but those companies still face numerous compliance headaches that threaten to pull them back under the U.S. sanctions umbrella.
In exchange for Iran's scaling back of its nuclear program, the U.S. removed its so-called secondary sanctions of overseas companies in January under the terms of the Joint Comprehensive Plan of Action, JCPOA. But the move has not exactly led to a financial windfall for Tehran, Jacobson Burton Kelley PLLC partner Doug Jacobson told...
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