Asian businesses, including shipping-related companies, have made major investments in the Iranian economy including the oil & gas and shipping sectors. With US President Donald Trump deciding to reintroduce U.S. sanctions on Iran by ceasing the US’s participation in the Joint Comprehensive Plan of Action (JCPOA), Duane Morris lawyers caution that Asian businesses should proceed with extreme caution in their dealings with the country.
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US sanctions against Iran will impact Asian shipping
Lawyers at Duane Morris LLP in Singapore say sanctions will indirectly apply to Asian entities, especially in the banking sector.
16 May 2018 22:00 GMT
Updated
17 May 2018 2:45 GMT
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