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On June 8th 2016, US Treasury released an update on frequently asked questions regarding the lifting of certain sanctions under the JCPOA in Iran on Implementation Day. These updates clarify uncertainties amongst entities interested in doing business with Iran. On Implementation Day, the United States lifted the nuclear-related secondary sanctions, generally directed towards non-US persons….
Establishing a physical presence in Iran may be on many investors’ minds, but how to go about it is the key question. Whether an entity wishes to establish a company and have on-site forces, or trying to pair up with a local or existing partner, it is important to know the details of each option…
On Saturday, January 16, 2016, the Vienna based International Atomic Energy Agency (“IAEA”) certified that Iran had fulfilled its nuclear-related commitments under the Joint Comprehensive Plan of Action (“JCPOA”) in order for the JCPOA’s “Implementation Day” to take effect. As a result, United Nations sanctions on Iran have been lifted, as have most European restrictions,…
Global leaders have been locked in intense discussions with the Iranian Government in Lausanne, Switzerland to broker a deal involving the lifting of Iranian economic sanctions in return for Iranian pledges on their nuclear program. The discussions failed to yield any fruit by the self-imposed deadline of 31 March 2015 but an extension was agreed….
On 20 January 2014 relaxations on Iran sanctions came into effect. The EU Council Regulation 267/2012 which imposes considerable restrictions on trade between EU member states and Iran was suspended for the period..