Ince & Co and Blank Rome Delivers Seminar on Trade Sanctions
International law firm, Ince & Co collaborated with leading US sanctions experts, Blank Rome to deliver a comprehensive trade sanctions seminar, covering both US and EU regimes in relation to Iran and other relevant jurisdictions in the Middle East region. The seminar featured speakers Matthew Thomas from Blank Rome, Brian Boahene from Ince Dubai and Alex Ktorides from Ince Gordon Dadds London with an audience of 100 industry experts.
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Being Diligent
Providing an overview on key issues and updates was Washington-based Matthew Thomas,a Partner in Blank Rome and who specializes in international trade, transport and maritime regulation and government affairs. With over 20 years of experience in representing leading energy and commodities companies, shipowners, governments, insurers, investors, ports, shipyards, and marine terminal operators, Matthew served as a fitting candidate to cover such a topic.
Commenting on sanctions best practices, Matthew stated, “Last May, the US president announced America’s withdrawal from the Joint Comprehensive Plan of Action (JCPOA), a move that largely impacts non-U.S. businesses. In particular, the most common source of sanctions-related difficulty for non-US maritime companies is related to the use of US dollars. Since US dollar transactions generally clear through US banks, even if there is no other US persons involvement, any dollar payment linked to Iran or other sanctions targets can bring the transaction within the jurisdictional scope of the primary US sanctions regulations.
"Ince & Co and Blank Rome Delivers Seminar on Trade Sanctions," by Dushane Solomon was published in Marasi News on May 29, 2019.