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Posted On: 27 September 2014 04:37 pm
Updated On: 12 November 2020 01:51 pm

AmCham Qatar hosts key speaker to discuss impacts of US sanctions on companies operating outside the US

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As part of its Distinguished Speaker Series, AmCham Qatar hosts Daniel E Waltz, Partner from Patton Boggs, to provide insights on the potential impacts of US economic sanctions on companies operating outside the US

The American Chamber of Commerce in Qatar (AmCham Qatar) hosted Daniel E. Waltz, a Partner from Patton Boggs, at its Distinguished Speaker Series today. The event, which featured influential business leaders in Qatar, saw Mr. Waltz present a lecture titled “US Economic Sanctions Targeting Iran: Potential Impacts on Companies Operating Outside the US.”

Following opening remarks by Patton Boggs Doha Office Managing Partner, Susan Bastress, Mr. Waltz gave a brief background on the history of US sanctions on Iran and what is permissible under the sanctions. He also explained the state of sanctions in 2006, and highlighted what are known as ‘secondary sanctions’ which target Iran indirectly by threatening the imposition of sanctions against foreign companies that engage in specified categories of Iran-related transactions. Additionally, Waltz discussed the interim agreement recently reached between the P5+1 and Iran and the sanctions relief that is available now that the agreement has been implemented: “U.S. sanctions targeting Iran have become both detailed and complex. The interim agreement reached in November between the P5+1 and Iran was implemented on J anuary 20. Many believe that this might mark the opening of the Iranian market, but the sanctions relief it offers is actually quite limited. I am grateful to AmCham Qatar for providing me with this opportunity to explain current U.S. sanctions with a particular focus on their potential impact on companies located outside the U.S.”

After the lecture, Ms. Bastress said: “We are pleased to have had Mr. Waltz present today, and are grateful to AmCham for providing us with the opportunity to present our expertise on key topics of interest.”

AmCham Qatar is the first foreign Chamber of Commerce established in Qatar. It hosts regular events for AmCham Qatar members and members of the wider business community, providing a key forum for American, domestic and international businesses to pursue common commercial interests and build relationships in Qatar.

Patton Boggs has been active in Qatar since 1993 and became the first U.S. law firm licensed to practice in the country in 2003 when H.H. the Father Emir, Sheikh Hamad bin Khalifa Al Thani, invited Patton Boggs to open an office in Doha. Patton Boggs’ Doha office works closely with the firm's other U.S. and international offices to provide full service legal representation in a number of practice areas, including: business law, corporate finance, government contracts, international trade and transactions, construction, litigation and arbitration, oil and gas, project finance, real estate, tax and telecommunications, to name just a few.