On 26th July 2010 Clyde & Co LLP published an article
setting out the new Iran sanctions that had been adopted by the
European Union Foreign Affairs Council. As part of our
international offering we will be sending out regular bulletins
written by our lawyers all over the world keeping you informed of
the latest developments. This bulletin is the first in a
series.
Background to the sanctions
On 9 June 2010 the United Nations Security Council (UNSC) passed
Resolution 1929 (2010) imposing further UN sanctions on Iranian
entities. A day later the UK responded by including within its own
sanctions regime individuals and entities targeted by the UN. On 1
July 2010 the US enacted the Comprehensive Iran Sanctions,
Accountability, and Divestment Act of 2010 (CISADA), which was
followed on 26 July 2010 by the EU Foreign Affairs Council
Decision, which together impose the toughest sanctions regime yet
on Iran, with ramifications for the energy, insurance, transport
and
