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Economic Sanctions/Export Controls and Foreign Companies: What to Do When Congress Comes Knocking

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Saturday, 05 December 2009 00:00

When a foreign company seeks to enter the U.S. market, is already doing business in the United States, or employs U.S. persons, it needs to consider how U.S. economic sanctions may impact the business. An important, yet many times overlooked, consideration is the political risk of engaging in business with

countries sanctioned by the United States, even when such trade is permitted under U.S. law, or is consistent with the laws of the home country of the parent corporation. The following overview also applies to restrictions imposed through U.S. export control laws and regulations.

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