Sanctions and Compliance Advice
Sanctions and compliance regulations can result in the imposition of onerous restrictions on businesses. This is even more so when dealing with sanctioned countries. Without proper advice, your business may easily be exposed to material risks including criminal liabilities, fines, loss of business, and reputational harm. To this, we should add costs associated with overcoming such risks, which can be difficult to quantify.
Elite Pars has a successful practice advising corporations on the economic, financial and trade sanctions regimes of the United Nations, European Union, and United States applicable to Iran.
We offer expert advice on matters relating to sanctions, trade regulations and export controls. Our team provides full legal support on assessing potential risks associated with particular contracts, relationships or proposed counterparts including KYC reports. Our team also provides compliance training to clients. We also advise on drafting compliance policies and assist clients with the implementation of compliance and ring-fencing measures. Upon, unilateral US sanctions to trade with Iran, we also assist clients in managing compliance with conflicting US sanctions obligations and EU blocking statutes.
Elite Pats keeps a close eye and tracks all regulatory developments pertaining to sanctions and international trade with Iran.
New Local Content Legislation
An amendment has recently been made to the Law on ...
Memorandum between Iran and Kyrgyzstan
In December 2019, a memorandum of understanding ...
New Publication by Elite Pars Lawyers
Elite Pars is pleased to announce the latest publication...
IPC as Security for Financial Facilities
On May 7, 2019, the Central Bank of Iran circulated ...
Convert Iranian Companies Pursuant to Recent Bylaw
According to a recent bylaw ratified by Council of Ministers...