Clifford Chance

US Extraterritorial Iran Sanctions Imposed on Companies Based in China, Singapore, and the UAE

12 January 2012

Today, the US Department of State ("State") imposed sanctions on Zhuhai Zhenrong Company ("Zhenrong") of China, Kuo Oil (S) Pte. Ltd. ("Kuo") of Singapore, and FAL Oil Company Limited ("FAL") of the UAE under the Iran Sanctions Act ("ISA"), as amended by the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 ("CISADA"). State has now imposed CISADA sanctions on a total of twelve firms.

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