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Sanctions Update on Iran

Posted in Sanctions

As reported in our client alert in December 2013, the “Joint Plan of Action” reached between the E3+3 and Iran in November 2013 envisaged a two-step process in relation to relief from international trade sanctions.

On 12 January 2014, it was announced that the interim deal (of six months of initial measures) between the E3+3 and Iran, constituting the first step of the “Joint Plan of Action”, would begin to run on 20 January 2014.

For further details, please see the blog post on Reed Smith’s Environmental Law Resource by Alexandra Gordon, Lisa Mason, Leigh Hansson and Matthew Thomas.