Farhad Alavi Quoted by Financial Times on Impact of New Iran Sanctions

Farhad Alavi, principal of Akrivis Law Group and editor of this blog, was quoted in an article in Thursday’s Financial Times. In this article, titled “West increases penalties for business with Iran” (a similar article was also published with the headline “Iran faces tighter sanctions”), Mr. Alavi is quoted as discussing the impact of the latest sanctions brought into effect under the U.S. National Defense Authorization Act of 2013 (2013 NDAA). The 2013 NDAA places significant restrictions on parties engaging in certain transactions against Iran, particularly in the shipping, shipbuilding, and energy sectors of that country. These sanctions came into effect earlier this month. This article highlights the challenges that this new law will bring about in Dubai, UAE which has traditionally been a large reexport hub for Iran.  

The Financial Times is one of the world’s leading dailies, published out of London and circulated internationally.  The article can be read here.

An international trade compliance (sanctions, export controls, customs, anti-corruption) and defense lawyer.

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Akrivis Law Group, PLLC
Washington, DC

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This website aims to provide notes and commentary on international legal, business, and political developments in economic and other sanctions. It is intended solely for information and entertainment purposes and should in no way be construed as legal advice. Laws, regulations, and policies change from time to time so some information on older posts can very easily be dated. If you have any questions or are unclear on any of the subject matters addressed or discussed on this site, please consult a licensed legal professional. Views presented in the comments and outside links do not necessarily reflect those of the website author. All external links on this website to articles and documents are external and provided for informational purposes only. They have no relation to the author of this website unless specified otherwise.

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