U.S. Indicts 7 Iranians Working for Islamic Revolutionary Guard Corps-Affiliated Entities for Coordinated Cyber Attacks Against the U.S. Financial Sector

Author: Bruce Zagaris*
Date: May 15, 2016

On March 24, 2016, Attorney General Loretta E. Lynch, Director James B. Comey of the FBI, Assistant Attorney General for National Security John P. Carlin and U.S. Attorney Preet Bharara of the Southern District of New York announced a grand jury in the Southern District of New York indicted seven Iranian individuals who were employed by two Iran-based computer companies on computer hacking charges related to their involvement in an extensive campaign of over 176 days of distributed denial of service (DDoS) attacks. The companies for whom they worked were ITSecTeam (ITSEC) and Mersad Company (MERSAD), both of which worked on behalf of the Iranian government, including the Islamic Revolutionary Guard Corps.1 (more…)

New Iran Petroleum Contracts

Author: Nadiya Nychay
Date: December, 2015

After years of high-level political negotiations, 2015 seems to be the year when Iran makes a full comeback on the international scene. Despite the implementation of the Iran nuclear deal only taking place in 2016, international investors around the world are keen to find out anything they can about business opportunities in the Islamic Republic. While attractive investment opportunities can be found in many sectors of the Iranian economy, some of the most lucrative ones are related to Iran's wealth of natural resources. Iran was the seventh largest global oil exporter in 2014. It reportedly has the world's fourth largest crude oil reserves as well as the world's second largest natural gas reserves. Nevertheless, Iran's current oil output of slightly over 3 million barrels per day stands at only half of the oil output during the mid-1970s.

The crucial question for many investors concerns the precise forms in which they would be able to enter Iranian petroleum markets. (more…)

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