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U.S. NDAA 2013 Imposes New Sanctions Against Iran

On January 2, 2013 the National Defense Authorization Act for 2013 (“NDAA 2013”) was signed into law. This Act has added sanctions against Iran which go into effect on July 1, 2013 and which could have a significant impact on the maritime and marine insurance sectors. For a Client Alert detailing the provisions of NDAA 2103, click here. If you have questions, contact Bill Juska, Gina Venezia or Bill Pallas.