As readers will be aware, following President Trump’s announcement on 8 May 2018, the USA has indicated its withdrawal from the Iran nuclear deal – the JCPOA – and that it will be reimposing secondary sanctions on Iran, being those which affect non-U.S. persons. The first tranche of secondary sanctions took effect in early August,
Iran
Iran: Joint Comprehensive Plan of Action agreed on 14 July 2015, but no immediate sanctions relief
By Alexandra Allan on
On 24 November 2013, the E3/EU+3 (or the P5+1, comprising the United States, Russia, China, the United Kingdom, France and Germany), together with Iran, agreed the Joint Plan of Action (“JPOA”), which relaxed some of the sanctions imposed against Iran by the EU and the United States.
The JPOA was intended to provide interim sanctions…
Iran: Joint Comprehensive Plan of Action agreed, but no immediate sanctions relief
By Alexandra Allan on
On 24 November 2013, the P5+1 countries (comprising the United States, Russia, China, the United Kingdom, France and Germany) together with Iran, agreed the Joint Plan of Action (JPOA), which relaxed some of the sanctions imposed against Iran by the EU and U.S. The JPOA was intended to provide interim sanctions relief, while the parties…
Iran: limited sanctions relief extended to 24 November 2014
By Alexandra Allan on
In January 2014, both the EU and U.S. brought into force measures which temporarily suspended and relaxed (for a period of six months, to end on 20 July 2014) some of the sanctions in place against Iran. This reflected the Joint Plan of Action (JPoA) agreed between the E3+3 and Iran in November 2013. Those…
Sanctions Update – Iran: Easing of Sanctions by the United States and European Union
By Alexandra Allan on
As reported in our Client Alert of December 2013, the “Joint Plan of Action” reached between the United Kingdom (“UK”), the United States (“U.S.”), Germany, France, Russia and China (collectively known as the “E3+3”) and Iran in November 2013 envisaged a two-step process in relation to relief from international trade sanctions against Iran.
On…
Sanctions Update on Iran
By Alexandra Allan on
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…
Sanctions Update: December 2013
By Alexandra Allan on
On 24 November 2013, a joint commission of the United Kingdom (“UK”), the United States, Germany, France, Russia and China (collectively known as the “P5+1”, “E3/EU+3” or “E3+3”) reached agreement on a “Joint Plan of Action” with Iran, whereby Iran will comply with restrictions to its nuclear programme in return for limited relief from international…
President Obama Enacts New Iran Sanctions
By Alexandra Allan on
On 2 January 2013, President Obama signed into law an act that imposes new sanctions on Iran. The new sanctions target certain entities and transactions, but largely focus on the energy, shipping and shipbuilding sectors of the Iranian economy.
For further details, please see the recent post on Reed Smith’s Global Regulatory Enforcement Law Blog…
Iran – Sanctions Update: Council Regulation 1263/2012
By Alexandra Allan on
Further to the 4 January 2013 post on the EU’s recent extension of its sanctions regime against Iran, a Client Alert has been published considering in detail the provisions of Council Regulation 1263/2012. The full text of the Alert is available on the Reed Smith website.
EU further extends Sanctions against Iran
By Alexandra Allan on
The Council of the European Union has recently published two Regulations which further extend its Iran sanctions regime.
Council Regulation (EU) No. 1263/2012
This Regulation implements the measures which were published in Council Decision 2012/635/CFSP, and which were the focus of a Reed Smith Client Alert dated 22 October 2012. With the publication of…