Complying With Trade Law And Understanding Sanctions

Every business person working internationally knows the seriousness of economic sanctions. Sanctions can halt your business abroad and violating those sanctions can result in heavy fines, penalties, restrictions and even imprisonment. Recently, sanctions have impacted American trade with Russia, Iran and North Korea, and changes in sanctions can mean relatively fast-moving changes to your business.

If you have received a letter from the Office of Foreign Assets Control or are anticipating being contacted due to sanctions, contact our firm. With offices and affiliates in New York; Boston; Knoxville, Tennessee; Turkey and England, we have the experience and knowledge you need.

Considerations During Sanctions

It is understandable to be concerned when sanctions, tariffs, embargo or trade barriers impact your business. They can seriously alter your business's future, and consequences may include:

  • Inability to conduct financial transactions
  • Inability to access U.S. markets or other regions
  • Frozen assets or inability to use certain currencies
  • Major fines, either per transaction or as a business
  • Jail time

There is help available. Acting quickly and hiring a knowledgeable attorney the moment you have a problem can help mitigate the consequences of economic sanctions.

Breeding Henry Baysan Provides

Professional International Business Law Services

Our firm prides itself in keeping an up-to-date and global reach. Our attorneys practice in business law; they have specific practice areas, which helps them stay abreast of legal changes that may affect you, your compliance programs and your business.

Our professionalism and transparency are key elements of our practice. We focus on helping you succeed in your endeavors and do so by providing you with clear and detailed legal advice.

Contact our offices today, so our lawyers can review your specific circumstances. You can reach out to us by phone at 865-223-6307 or contact us online by completing our contact form. We will respond to your inquiry promptly.