By Maya Lester KC & Michael O’Kane

US imposes sanctions on Iran’s metal & shipping industries

Last week (15 January 2021), the US State Department announced a number of new and amended Iran-related designations: Mobarakeh Steel Company, IRISL, and its subsidiary Sapid Shipping, all of which are already SDNs, were also listed under the Iran Freedom and Counter-Proliferation Act (IFCA); The 2 Chief Executive Officers of IRISL, and Mobarakeh Steel Company were added to the list …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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