U.S. House of Representatives Approves Expansion of Iran Sanctions Act

The U.S. House of Representatives yesterday approved H.R. 957, legislation that expands the scope of the Iran Sanctions Act to prevent investment in the country’s LNG industry. The bill would also seek to hold U.S. companies accountable for the investments of their foreign subsidiaries in Iran. The Iran Sanctions Act establishes penalties for foreign energy companies that invest more than $20 million in the Iranian oil and gas sector, though the Act has never been applied despite several high profile investments. Read more in Platts LNG Daily. [Subscription required]

Comments are closed.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed, affiliated and member firms (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the member firms or their controlled, managed or affiliated entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.
ATTORNEY ADVERTISING - Prior results do not guarantee a similar outcome.
Unless otherwise indicated, attorneys at Eversheds Sutherland (US) LLP are not certified by the Texas Board of Legal Specialization.

U.S. House of Representatives Approves Expansion of Iran Sanctions Act

Popular Posts

Hot Topics