Vol. XL

No. 2

13-January-1997

IRAN

Washington Keeps Non-US Companies Guessing On Rules For Iran/Libya Sanctions

Expectations that the US Department of State would before the end of 1996 issue detailed and specific regulations governing the "Iran and Libya Sanctions Act of 1996" have now been pretty much confounded, leaving potentially affected non-US companies no wiser than they were before. The Act, which was signed into law by President Clinton on 5 August 1996, provides for the imposition of...