Commerce Keeps Ban On Iranian Airline's Exports

Law360, New York (August 29, 2011, 7:03 PM EDT) -- The U.S. Department of Commerce on Wednesday once again extended its ban on Mahan Air's export privileges and added two more companies in order to keep the Iranian airline from using American-made planes to fly to and from Tehran.

Donald G. Salo Jr., deputy assistant secretary of commerce for export enforcement, signed off on the latest 180-day extension of the temporary denial order, which has been in place since March 2008 based on evidence that Mahan had re-exported to Iran three Boeing 747 aircraft, which require...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.