News & Analysis as of

European Commission Iran

Skadden, Arps, Slate, Meagher & Flom LLP

Navigating the Future Landscape of the EU Blocking Statute

The European Union Blocking Statute was originally adopted in 1996 to counteract US sanctions on Cuba, Iran and Libya, but following a memorandum of understanding entered into between the EU and the US, it has seldom been...more

Latham & Watkins LLP

EU Responds to the Snap-Back of US Sanctions Against Iran: Between a Rock and a Hard Place

Latham & Watkins LLP on

In light of the EU’s recent amendments to its long-standing blocking measure, EU operators will need to weigh the consequences of failing to comply with their contradicting obligations under US and EU law. How has the EU...more

Hogan Lovells

The updated version of the EU Blocking Regulation enters into force

Hogan Lovells on

The updated version of the EU Blocking Regulation enters into force On 7 August 2018, the EU published: (1) Commission Delegated Regulation (EU) 2018/1100 (Amending Regulation)...more

Dechert LLP

EU Seeks to Contain the Impacts of U.S. Reimposition of Extra-Territorial Sanctions on Iran

Dechert LLP on

The U.S. yesterday commenced the phased re-introduction of its pre-JCPOA extra-territorial sanctions in relation to Iran – with some measures applying immediately, and others from 5 November. The EU has condemned U.S....more

Dechert LLP

EU Blocking Regulation following US Withdrawal from Iran JCPOA

Dechert LLP on

Following the U.S. decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reimpose sanctions on Iran, the EU has confirmed its full commitment to keep the agreement alive for the remaining parties, as...more

Hogan Lovells

The EU seeks to expand the scope of the EU Blocking Regulation to protect EU interests against the U.S. Iran sanctions

Hogan Lovells on

On 6 June 2018, the European Commission ("Commission") adopted a draft Delegated Regulation expanding the scope of Council Regulation (EC) No 2271/96 ("EU Blocking Regulation") to include the extra-territorial aspects of the...more

WilmerHale

EU to Reactivate 1996 Blocking Regulation Against US Sanctions on Iran

WilmerHale on

On Friday, May 18, the EU Commission launched the formal process to reactivate a 1996 trade defense law in response to the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) on Iran's nuclear program. Once...more

McDermott Will & Emery

Historic Agreement Reached with Iran—Iranian Nuclear Commitments in Exchange for Sanctions Relief

McDermott Will & Emery on

The Joint Comprehensive Plan of Action (JCPOA) - On July 14, 2015, following two years of negotiations, China, France, Germany, Russia, the United Kingdom, the United States and the European Union (referred to as P5+1 or...more

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