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Expert Analysis

What The EU's Iran Sanctions 'Blocking' Means For Cos.

By Guy Soussan, Meredith Rathbone and Algirdas Semeta (May 31, 2018, 2:20 PM EDT) -- On May 18, 2018, the European Commission announced the launch of the formal process to activate the European Union's "blocking statute" (Council Regulation (EC) 2271/96 of Nov. 22, 1996) by updating the list of sanctions falling within its scope. Specifically, the commission has proposed amending the list of laws identified in the annex to Regulation 2271/96 by adding the reimposed U.S. sanctions on Iran....

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