The U.S. Treasury Department has amended the Cuban Assets Control Regulations as of January 27, 2016. The changes are meant to further facilitate authorized travel to Cuba by persons subject to U.S. jurisdiction; certain authorized commerce; and the flow of information to, from, and within Cuba. The existing Cuba embargo remains in place—that can only... Continue Reading →
Cuban asset control regulations modified to ease transactions
On September 21st, the Department of the Treasury's Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR) to implement additional revisions consistent with the policy changes announced by President Obama in December 2014. According to the Treasury Department, the changes “are intended to further engage and empower the Cuban people by... Continue Reading →
Thinking about doing business with Iran?
During the early 1970s, engineering and architecture firms were profiting from the rapid investment in infrastructure improvements and building projects in Iran. That boom, of course, collapsed with the ouster of the Shah Mohammad Reza Pahlavi in February of 1979. Now some firms, including American-owned entities, are anticipating that there might be new projects in... Continue Reading →