Akin Gump Strauss Hauer & Feld LLP (JD Supra Iran)

On March 24, 2016, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License I authorizing U.S. persons to undertake certain transactions ordinarily incident to the negotiation of, and entry into, contingent contracts for licensable activities under OFAC’s Statement of Licensing Policy for Activities Related to the Export or Re-export to Iran of Commercial...