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12/19/14 President Obama Announces Sweeping Changes to United States’ Diplomatic Relationship with Cuba
Sanctions will be effective until OFAC and the Commerce Department formally revise their respective regulations and general licenses to implement the president's new stated policies. These changes are not self-executing and will take weeks to be appropriately implemented.
12/09/14 New Senate Bill Significantly Expands U.S. Sanctions Against Russia
The bill, if passed, would impose severe sanctions on “foreign persons” that make significant investments in Russian crude oil projects.
12/03/14 OFAC Sanctions Compliance Provisions in Agreements
Due to costly settlements secured by U.S. regulatory agencies, banks, insurers, and corporations are increasingly inserting rigorous OFAC sanctions compliance language into their credit agreements, insurance policies, and corporate acquisition agreements.
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07/31/14 Russia/Ukraine: Additional U.S. and EU Sanctions as of 7/31/2014
The U.S. Department of the Treasury, the U.S. Department of Commerce’s Bureau of Industry and Security, and the European Union have all announced additional sanctions.
07/16/14 Morgan Lewis Advises Blue Water Energy on Strategic Investment in Unique Maritime Group
Morgan Lewis announces that it has advised London-based Blue Water Energy (BWE), a leading energy focused private equity firm, in connection with their strategic investment in Dubai-based Unique Maritime Group (UMG).
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