Does overlapping legislation make compliance with sanctions impossible for international businesses?

Table of contents

• Original news
• What are the potential implications for insurers and reinsurers found to be in breach of sanctions with Iran?
• The marine insurance market carries with it its own particular risk. What should insurers do in terms of transparency and record keeping to ensure compliance with sanctions?
• Has the US involvement made the position even more complicated?
• What should lawyers do next?

Article summary

Commercial analysis: How can business ensure they aren’t infringing international and national sanctions against Iran? Patrick Murphy, legal director and Nick Braganza, associate at Clyde & Co LLP Dubai consider the issues and warn that businesses could face high fines or criminal charges.