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 account the lifting of the EU's nuclear related sanctions and most of the US secondary sanctions following the occurrence of "Implementation Day" under the Joint Comprehensive Plan of Action.

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“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 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.