New York, NY, April 18, 2013 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Rob Torresen, Partner, Sidley Austin LLP, will speak at a 2-hour webcast entitled “New Iranian Sanctions: Understanding the Final Rules LIVE Webcast.” This event is scheduled for June 18, 2013 @ 12:00 PM to 2:00 PM (ET).
About Rob Torresen
Rob Torresen is a partner in the International Trade practice at Sidley Austin LLP, where he focuses principally on export controls (affecting both commercial and military goods and technology) and economic sanctions. He has extensive experience counseling U.S. and foreign companies in all matters affecting the movement of goods and technology across national borders. His experience extends across a broad range of industries and trade issues implicated by U.S. and foreign laws, measures and regulations. He advises clients on export jurisdiction and classification issues, licensing determinations, export clearance issues, and the design and implementation of export compliance programs. He has recently represented major multinational companies in several U.S. Government investigations and enforcement actions relating to compliance with the U.S. sanctions against Iran.
About Sidley Austin LLP
Sidley Austin LLP is a premier law firm, with approximately 1700 lawyers in 18 offices worldwide. Sidley has built a reputation for being a powerful adviser for global business and financial institutions. The lawyers leverage their diversity of knowledge and wide-reaching legal backgrounds with a dedication to teamwork, collaboration and superior client service. Sidley is recognized for service and responsiveness. For the third consecutive year, and each year since the survey’s inception, Sidley has received the most first-tier national rankings of any U.S. law firm in the 2013 U.S. News – Best Lawyers “Best Law Firms” survey. Sidley has also been widely recognized for its pro bono and diversity programs.
For more information about Rob Torresen and Sidley Austin LLP, please visit: www.sidley.com
The Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued final rule on December 26, 2012, amending the Iranian Transactions and Sanctions Regulations (ITSR). The amendments focused on the implementation of section 218 of the Iran Threat Reduction and Syria Human Rights Act of 2012 ("ITRA") and sections of Executive Order 13622 of July 30, 2012, and Executive Order 13628 of October 9, 2012.
Aside prohibiting firms from establishing and maintaining business with the Government of Iran or any person subject to the jurisdiction of the Government of Iran, the final rule also clarifies how sanctions will be implemented, what the prohibited transactions are, penalties involved in non-compliance and other significant issues.
In light with these changes, US companies and any foreign entities owned or controlled by U.S. persons, must remain vigilant in terms of compliance or risk costly penalties both civil and criminal.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.
The organization brings together the world's leading authorities and industry participants through informative two-hour webcasts to study the impact of changes and emerging trends. Hear from leading government officials/regulators, key thought leaders, and industry experts objectively analyze the latest trends and issues and their impact on industries. For further details, please visit the organization’s website: www.knowledgecongress.org