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Alexandre (Alex) Lamy

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I. U.S. SanctionsAs reported in our Client Alert dated November 27, 2013, the United States and its partners in the P5+1 (i.e., China, France, Germany, Russian, and the United Kingdom) reached an initial understanding with Iran on November 24, 2013, outlined in a Joint Plan of Action (“JPOA”), targeted at gaining commitments from Iran on enrichment reductions, non-proliferation, and inspections of its nuclear program. In return, the P5+1 nations agreed to a gradual, step-by-step suspension…

The US State Department’s Iran sanctions page posted yesterday a new “Overview of U.S. Sanctions on Iran Pertaining to Activities and Transactions by non-U.S. Individuals and Entities” at http://www.state.gov/documents/organization/212555.pdf. This document does not appear to provide guidance about many of the issues related to US secondary/extraterritorial sanctions targeting Iran. However, this overview does provide a laundry list of the various US sanctions that may affect non-US individuals and entities. The document is updated through EO…

Please join us on Tuesday, April 30, 2013 at 11:00 a.m. (ET) for a complimentary webinar to discuss the initial implementation of Sections 218 and 219 of the Iran Threat Reduction and Syria Human Rights Act (the “ITRA”). Pamela K. Dayanim will discuss approaches issuers have taken in addressing the new federal securities disclosure requirements and factors companies will need to consider in making future disclosures. Alexandre Lamy will discuss international trade considerations companies need…

STATE AND LOCAL DIVESTMENT MEASURES: A GROWING U.S. TRADE COMPLIANCE CONCERNAlexandre Lamy and Maria van Wagenberg, Baker & McKenzie In recent years, a growing number of U.S. state and local governments have adopted divestment measures targeting companies doing business or investing in Iran and Sudan, among other countries. These divestment measures typically prohibit governmental entities from investing in or contracting with certain listed companies. Because federal sanctions already prohibit U.S. companies from engaging in virtually all…