1. New US Sanctions on Iran Take Effect July 1

    From attorney Jonathan Epstein at Holland & Knight:

    “President Obama has issued a new Executive Order that goes into effect July 1, 2013. The Executive Order targets new areas of the Iranian economy for sanctions, including exchange transactions involving Iranian Rials and Iran’s automotive industry.  

    Further, OFAC has issued long-awaited guidance on the sweeping sanctions against the energy, shipping and shipbuilding sectors of Iran, as well as Iranian port operators, under the Iran Freedom and Counter-Proliferation Act of 2012, which also comes into effect July 1, 2013.”

    Read the full update, Expanded U.S. Sanctions on Iran Effective July 1, 2013 - Holland & Knight LLP»