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THE US DEPARTMENT OF TREASURY HAS ISSUED AN INSTRUCTION ANNOUNCING THAT IT HAS EXEMPTED THE EXCHANGES NECESSARY FOR IRAN’S FIGHT AGAINST THE CORONAVIRUS FROM SANCTIONS LAWS.   Karimi & Associates Law Firm presents according to the U.S. Department of Treasury: According to a document published on the website of The US Department of Treasury, certain activities related to “Covid-19”, which were under sanctions according to the “Iranian Transactions and Sanctions Regulations “, will […]

Karimi & Associates Law Firm presents according to Reuters: The U.S. Treasury has removed sanctions on three Iranians however, stated this did not reflect a change in its sanctions policy toward Iran and is not relevant to talks on restoring the U.S. and Iranian compliance with the 2015 Iran nuclear deal. The Treasury declared it had determined Behzad Ferdows, Mehrzad Ferdows, and Mohammad Reza Dezfulian are no longer blocked under Executive Order 13382, which targets proliferators of weapons

Karimi & Associates Law Firm presents according to Reuters:   The antivirus software entrepreneur, John McAfee, has been jailed in Spain and awaiting extradition to face tax fraud charges in the United States, told a court hearing in Madrid he was a victim of politically motivated accusations.   McAfee linked the charges filed by the Internal Revenue Service to his failed bid to run as a Libertarian Party candidate in the 2020

FOLLOWING THE NEWS, FACEBOOK’S MARKET VALUE EXCEEDED $1 TRILLION FOR THE FIRST TIME   Karimi & Associates Law Firm presents according to CNN: Judge James Boasberg of the US District Court of Columbia held that the Federal Trade Commission (FTC) failed to plead enough facts to plausibly establish that Facebook (FB) has monopoly power in the market for Personal Social Networking (PSN) Services. Boasberg held that the FTC did not do enough

130 NATIONS HAVE CONSENTED TO A PLAN TO REFORM TAXATION RULES REGARDING MULTINATIONAL CORPORATIONS. Karimi & Associates Law Firm presents according to Jurist: The Organization for Economic Cooperation and Development (OECD) declared 130 nations have endorsed a plan to reform taxation regulations concerning multinational corporations. The plan includes two pillars. The first pillar would re-allocate certain taxing rights over multinational enterprises from their home countries to regions where they operate and earn profits irrespective of

Karimi & Associates Law Firm presents according to Jurist: The European Commission alleged that German automakers BMW, Daimler, and the Volkswagen Group (Volkswagen, Audi, and Porche) violated EU antitrust laws by colluding to restrict the deployment of cleaner emissions technology in diesel passenger cars. The Commission imposed a fine of €875 million on BMW and the Volkswagen Group. The automakers held frequent technical meetings to review the development of technology to remove

Karimi & Associates Law Firm presents according to Euronews: Foreign ministers of the European Union have approved plans to develop a competitor global investment strategy to China’s Belt and Road Initiative, to counter Beijing’s flourishing influence in countries across the world. Beijing, which launched the initiative in 2013, has already started investing in nearly 70 different countries and international organizations, including in EU member state Greece at the port of Piraeus and

Karimi & Associates Law Firm presents according to Jurist: The US Department of Commerce added 34 entities to its Entity List over global human rights concerns, and 14 of those were specifically designated as being involved in potential human rights violations in Xinjiang, China. Unlike the Department of Treasury’s Specially Designated Nationals (SDN) list, added to the Department of Commerce’s Entity List does not constitute a full sanction and prohibition on doing business with US persons.

Karimi & Associates Law Firm presents according to Jurist: An Iranian-American businessman sued Dechert LLP for hacking into his email account and leaking his personal information on BitTorrent sites, with the permission of The Chancery Division of the High Court of Justice of England and Wales. The aviation tycoon Farhad Azima alleges that the international law firm recruited illegal hackers to steal privileged information related to his business, leading to a London judge

Karimi & Associates Law Firm presents according to Jurist: Moscow’s Tagansky District Court imposed fines against Twitter Inc, Facebook Inc, and Pavel Durov’s Telegram stating that Facebook and Twitter have failed to delete illegal content. The court at the beginning decided the case against the tech giants back in April and held that the companies breached the Code of the Russian Federation on Administrative Offenses. These violations of the social media protocol