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ARTICLE · 17 APRIL 2014

Implications Of U.S. Sanctions Program On Intellectual Property Owners

Lewis Roca
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To advance U.S. foreign policy and national security objectives, the U.S. maintains laws and regulations that impose economic sanctions against certain countries, individuals, and entities.

United StatesInternational Law
E. Martín Enriquez
E. Martín Enriquez
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To advance U.S. foreign policy and national security objectives, the U.S. maintains laws and regulations that impose economic sanctions against certain countries, individuals, and entities (the "U.S. Sanctions Program"). 31 C.F.R. § 501 et seq. The Office of Foreign Asset Control ("OFAC") at the Department of the Treasury manages the U.S. Sanctions Program. The U.S. Sanctions Program prohibits U.S. nationals and U.S. companies from doing business in embargoed or sanctioned countries and from doing business with individuals or entities subject to U.S. sanctions laws and regulations. Penalties for violating the U.S. Sanctions Program include civil and criminal fines, imprisonment, and the loss of tax credits or export privileges.

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