On 16 January 2016, or "Implementation Day", legislation in the United States ("US") and European Union ("EU") came into effect, relaxing significantly the sanctions in place against Iran. This followed the issuing of a report by the International Atomic Energy Agency ("IAEA") to the UN Security Council, confirming that Iran had complied with its commitments under the Joint Comprehensive Plan of Action ("JCPOA").
In this bulletin, we set out the key changes to the sanctions regimes and consider potential implications for business. For further information, please contact Joanna Addison, Partner, Andrew Cannon, Partner, Jonathan Cross, Of Counsel or any of the individuals listed in the bulletin.
Key contacts
Andrew Cannon
Partner, Head of International Arbitration, London and Paris
Christian Leathley
Partner, Head of International Arbitration, US, London and New York
Dr Patricia Nacimiento
Partner, Germany
Amal Bouchenaki
Partner, New York
Laurence Franc-Menget
Partner, Paris
Gitta Satryani
Managing Partner, Singapore Office, Singapore
Lode Van Den Hende
Consultant, Brussels and London
Hannah Ambrose
Partner, London
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.