On 14 January 2020, the UK, France and Germany (the “E3”) triggered the dispute resolution mechanism under the JCPOA by referring assertions of Iranian non-compliance to the Joint Commission.

The triggering of the dispute resolution mechanism could (but not necessarily will) lead to the re-imposition of UN and EU sanctions on Iran, though the statement released by the E3 reiterates their “sincere hope of finding a way forward to resolve the impasse”.

To read more about the implications of the E3’s triggering of the dispute resolution mechanism, please see our client alert here.