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…