Leigh Hansson

Leigh Hansson

Reed Smith

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Iran: Joint Comprehensive Plan of Action agreed on 14 July 2015, but no immediate sanctions relief

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...more

7/17/2015 - Arms Embargo Banking Sector Energy Sector Financial Services Industry IAEA Iran Iran Sanctions Joint Comprehensive Plan of Action (JCPOA) Nuclear Power Nuclear Weapons P5+1 Nations Technology Sector UN Security Council

Iran: Further extension of limited sanctions relief to 13 July 2015

In our alert of 8 July, we reported that the P5+1 and Iran had announced the extension of the Joint Plan of Action Relief Period (the JPOA Relief Period) to 10 July 2015. Negotiations with Iran continue. To allow more...more

7/13/2015 - Iran Iran Sanctions Joint Plan of Action Negotiations P5+1 Nations

Iran: Further extension of limited sanctions relief to 10 July 2015

In our alert of 1 July we reported that the P5+1 and Iran had announced the extension of the Joint Plan of Action Relief Period (the JPOA Relief Period) to yesterday, 7 July 2015. Negotiations with Iran continue. To...more

7/9/2015 - Iran Iran Sanctions JPOA Negotiations P5+1 Nations Time Extensions

Iran: No decision reached; further extension of limited sanctions relief until 7 July 2015

Yesterday, the P5+1 (made up of the United States, Russia, China, the United Kingdom, France and Germany) together with Iran, announced the extension of the Joint Plan of Action (JPOA) Relief Period (JPOA Relief Period) for...more

7/3/2015 - Iran Iran Sanctions JPOA P5+1 Nations

P5+1 and Iran Agree on Framework for Joint Comprehensive Plan of Action, Sanctions Easing Expected June 2015

On April 2, 2014, the P5+1 (the United States, Germany, France, the UK, Russia, and China) and Iran reached an agreed-upon framework outlining the roadmap for a future agreement surrounding Iran’s nuclear program that would...more

4/7/2015 - Iran Iran Sanctions Negotiations Nuclear Power P5+1 Nations United Nations

Schlumberger Faces More Than $232.7 Million in Penalties and Pleads Guilty to Criminal Charges for Violations of U.S. Sanctions

On March 25, 2015, Schlumberger Oilfield Holdings, Ltd. (“SOHL”), a wholly owned subsidiary of Schlumberger Ltd., the world’s largest oil-field services company (collectively “Schlumberger”), agreed to plead guilty to...more

3/27/2015 - Corporate Counsel Corporate Criminal Fines Iran Sanctions Oil & Gas Schlumberger Sudan

The Joint Plan of Action: A Recap of the Easing Of Sanctions Against Iran By The United States And European Union

On 24 November 2013, an agreement was reached between the E3+3 (also known as the P5+1, and which includes the United States, United Kingdom, Russia, China, France and Germany) and Iran....more

12/10/2014 - Asset Freeze Automotive Industry Banking Sector EU Iran Sanctions JPOA Oil & Gas P5+1 Nations Petrochemicals Rare Earth Metals Sanctions SDN List

Iran: limited sanctions relief extended to 30 June 2015

In January 2014, both the EU and U.S. brought into force measures which temporarily suspended and relaxed (for an initial period of six months) some of the sanctions in place against Iran. This reflected the Joint Plan of...more

12/1/2014 - EU Iran Iran Sanctions JPOA P5+1 Nations

Singapore: Persian Gulf Money, Energy, and Non-Energy Export Risks

In September 2013, the GCC-Singapore Free Trade Agreement came into force, and it has some wondering whether this will mean an influx of oil and gas trade from the Persian Gulf. The agreement is well-timed, as U.S. Secretary...more

10/10/2013 - Exports Free Trade Agreement Iran Iran Sanctions NDAA Oil & Gas

New Iran Sanctions: Breaking Down the Breaking Points

Energy, shipping, and shipbuilding. Generally, these are the sectors of the Iranian economy that have recently come within the ambit of the existing U.S. sanctions regime against Iran. We write "generally" because in addition...more

1/30/2013 - Energy IFCPA Iran Sanctions Iran Threat Reduction and Syria Human Rights Act Ports Shipbuilding Shipping

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