Tag Archives: Sanctions

Herbert Smith Freehills publishes second edition of Iran Investment Guide

Herbert Smith Freehills is pleased to announce the publication of an updated version of its Iran Investment Guide. The guide describes the key legal aspects that foreign investors should consider when investing in Iran. It has been updated to take into … Continue reading

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Filed under Iran, News, Sanctions

“Implementation Day” (16 January 2016) marks a significant relaxation of EU and US sanctions against Iran

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 … Continue reading

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Iran sanctions – UK updates guidance on doing business with Iran as implementation day approaches

Since the announcement of the Joint Comprehensive Plan of Action ("JCPOA") in July 2015, companies have been preparing for the relaxation of sanctions that will allow them to re-enter Iran.  As Implementation Day (the point at which some sanctions will … Continue reading

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Filed under EU, Iran, News, Sanctions, UN, US

EU prolongs Russian sectoral sanctions until July 2016

On 21 December, the Council of the EU announced that the EU's economic sanctions against Russia would be extended until 31 July 2016.   These measures were originally introduced for a one year period in July 2014 and were extended until … Continue reading

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Filed under EU, Europe, European Regulation, Russia, Sanctions

ADOPTION DAY UNDER THE IRAN AGREEMENT – US AND EU PUBLISH DETAILS OF CHANGES TO THEIR SANCTIONS REGIMES

The Joint Comprehensive Plan of Action relating to Iran's nuclear programme (the "JCPOA") officially came into effect on 18 October ("Adoption Day"), requiring all JCPOA participants to make the necessary arrangements and preparations for implementation of their respective JCPOA commitments.  … Continue reading

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Filed under EU, Iran, Middle East, News, Sanctions, US

High Court rules that payment under a guarantee would breach EU Libya sanctions regime, and considers contractual exemption provisions

In a recent judgment, the English High Court has considered some of the exemption language commonly found in EU sanctions regimes which is applicable to contractual performance. The case of Glenn Maud v The Libyan Investment Authority [2015] EWHC 1625 … Continue reading

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Filed under Africa, EU, Sanctions

Iran sanctions – parties reach agreement on Iran’s nuclear program and sanctions relief

In the early hours of July 14, 2015, it was announced that the P5+1/EU3+3 and Iran had reached agreement on the Joint Comprehensive Plan of Action regarding Iran’s nuclear program (the “JCPOA”). This builds on the framework announced in April … Continue reading

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Iran Sanctions Update

Further to our previous briefing, it has been announced that negotiations between the P5+1 and Iran regarding Iran’s nuclear program have been further extended and will now continue until 10 July. As with previous announcements regarding the timeframe for negotiations, … Continue reading

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Filed under EU, News, Sanctions, US

Iran nuclear program negotiations and sanctions

In April 2015, the US and EU announced the agreed framework for a Joint Comprehensive Plan of Action (the “JCPOA”) regarding Iran’s nuclear program. At the time of that announcement, the parties said that they intended to draft the final … Continue reading

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Filed under Middle East, Sanctions

The EU publishes amended guidance on financial sanctions

The Council of the European Union recently published a revised version of the EU Best Practices for the effective implementation of restrictive measures.  The guidance it contains provides some clarification of the many issues which arise in practice for both Member States … Continue reading

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Filed under EU, France, Germany, Liechtenstein, Sanctions, Spain, UK