Elections Key to Future Of ILSA
In his paper "US Policy Towards Iran: What Does the Future Hold For ILSA?" J. Michael Stinson, Senior Vice-President of Conoco Inc., assessed the impact and outlook of ILSA as follows:
What does ILSA do, and who enforces the law? ILSA seeks to prevent non-US companies from investing significant capital or expenses in Iran. Any investment in excess of $20mn by a non-US company can trigger ILSA penalties such as: withholding visas...