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 2015. One of the key elements of the JCPOA will be extensive relief from the current EU and US sanctions against Iran. However, sanctions relief will be effective only upon Iran meeting its obligations regarding its nuclear program and, as such, the existing UN, US and EU sanctions remain in force.

The text of the JCPOA itself has been released and runs to over 100 pages, including various Annexes. We have summarized below the milestones for the implementation of sanctions relief and the key sanctions-related elements of the JCPOA which provide relief from the UN, US and EU regimes. Continue reading

Contractual disputes and practical implications arising from sanctions in the aftermath of the Arab Spring

In the aftermath of the Arab Spring and amidst continuing unrest in the region, the Middle East remains at the forefront of the international sanctions agenda. Craig Tevendale, partner, and Maguelonne de Brugiere, associate, examine the impact that such sanctions have on the contractual arrangements of companies doing business in the region and offer advice on how to mitigate this impact effectively. To read the full article, please click here.

This article was first published in World ECR, Issue 22, May 2013. For more information please contact Craig Tevendale, partner or Maguelonne de Brugiere, associate or your usual Herbert Smith contact.

Craig Tevendale
Craig Tevendale
Partner
+44 20 7466 2445
Maguelonne de Brugiere
Maguelonne de Brugiere
Associate
+44 20 7466 7488