Managing New, Emerging Economic Sanctions Risks Affecting the Aerospace, Technology, Petroleum and Other Industries: What Can Trigger Business Interruptions, Shipment Seizures, Penalties and Prosecutions

January 29, 2014 3:15pm

​Iran
• The New Iran Threat Reduction and Syria Human Rights Act, and its application to Canadian subsidiaries of US companies
• How the U.S. Comprehensive Iran Sanctions, Accountability and Divestment Act (CISADA) affects US and non-US entities, and their subsidiaries and affiliates
• When US and non-US exporters face penalties, denial of export and banking privileges, foreign exchange transactions, and asset freezing
• Scope of exceptions to the requirements, and how to use them
• Canada’s sanctions against Iran: Special Economic Measures Act, United Nations Act regulations, and Export and Import Permits Act: Application inside and outside Canada

Syria
• Exports of US origin content and re-exports to Syria: Who is captured by current U.S. and sanctions, and what export activities remain permissible
• How U.S. and Canadian sanctions against Syria are evolving 

Burma

• Scope of permitted/prohibited investment activities under newly eased U.S. and Canadian sanctions

Cuba
• Restriction on procurement activities
• The extraterritorial reach of the U.S. trade embargo against Cuba
• Key conflicts between Canadian blocking measures and U.S. trade control requirements: What to do when Canadian blocking measures are triggered
• Assessing the risks of enforcement and penalties by OFAC and DFAIT