Iran Sanctions European Union

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Following US and EU Lead, Canada Lifts Sanctions Against Iran

Canada’s Minister of Foreign Affairs, Stéphane Dion, announced on January 26, 2016 that Canada will be lifting some of its economic sanctions against Iran. This announcement comes shortly after the United States and the...more

UK Financial Regulatory Developments - January 2016 #14

Treasury Committee publishes banking IT failure correspondence - The Treasury Committee has published correspondence between Andrew Tyrie, PRA, FCA and between him and RBS, HSBC and Barclays, relating to IT failures at...more

Iran Sanctions Relief and Further EU Regulatory Developments in 2016

On 16 January 2016 (“Implementation Day”), the majority of the European Union’s (“EU”) economic/financial sanctions against Iran were lifted after the International Atomic Energy Agency (“IAEA”) verified that Iran is abiding...more

‘Implementation Day’: Key Aspects of US and EU Implementation of Iran Sanctions Relief

On January 16, 2016, the International Atomic Energy Agency verified that Iran had complied with the nuclear-related technical aspects of the Joint Comprehensive Plan of Action it had to complete before the first phase of...more

UK Financial Regulatory Developments - January 2016 #10

Treasury updates Iran sanctions - Treasury has issued a notice explaining the effects on sanctions against Iran of Implementation Day (I Day) under the Joint Comprehensive Plan of Action (JCPoA). I Day was 16 January, on...more

Implementation Day and the Lifting of Sanctions Against Iran

On January 16, 2016, the International Atomic Energy Agency confirmed that Iran had fulfilled its initial nuclear-related obligations under the Joint Comprehensive Plan of Action (JCPOA) that had been reached in July between...more

Significant Changes to U.S. and E.U. Sanctions Against Iran

On January 16, 2016, the United States and the European Union lifted or substantially amended many nuclear proliferation-related sanctions against Iran. This date constitutes Implementation Day as specified in the Joint...more

US and EU Iran Sanctions Relief: What Non-US Persons Need to Know

Even in light of EU and US relaxation of sanctions against Iran after Implementation Day, non-US Persons should evaluate any proposed dealings with Iran to make sure such activities do not violate any new or continuing...more

U.S. Treasury Department Eases Sanctions Under Iran Nuclear Deal

Changes Authorize Certain Transactions by Foreign-Incorporated Companies - On January 16, 2016, the U.S. Treasury Department eased economic sanctions on Iran and issued new licenses authorizing three new categories of...more

Navigating Iran Sanctions after JCPOA’s Implementation Day

The announcement by the International Atomic Energy Agency on January 16, 2016, that the Government of Iran has satisfied its commitments under the Joint Comprehensive Plan of Action (“JCPOA”), has triggered “Implementation...more

U.S. Lifts Nuclear-Related Sanctions on Iran on Implementation Day

I. Introduction - On January 16, 2016, “Implementation Day” occurred under the Joint Comprehensive Plan of Action (JCPOA). This historic sanctions relief followed verification from the International Atomic Energy Agency...more

US and EU Iran Sanctions Lifted: How to Proceed in the Aviation Sector?

On 16 January 2016, the United States and the EU lifted certain sanctions against Iran in compliance with the Joint Comprehensive Plan of Action (JCPOA) agreed among Iran, China, France, Germany, the Russian Federation, the...more

Navigating Iran Sanctions After Implementation Day

Although the United States, the European Union, and the United Nations lifted a number of sanctions targeting Iran on January 16, 2016 (“Implementation Day”) in accordance with the terms of the recent Iran nuclear deal, the...more

Implementation Day - 16 January 2016

Implementation Day is here. On the evening of 16 January 2016, the EU and the United States lifted nuclear-related sanctions on Iran, in accordance with the Joint Comprehensive Plan of Action (JCPOA)....more

United States and European Union Ease Trade Sanctions Against Iran Pursuant to Nuclear Agreement

As widely reported, Saturday, January 16 was “Implementation Day” under the Joint Comprehensive Plan of Action (JCPOA), agreed to on July 14, 2015, by the P5+1 (China, France, Germany, Russia, the United Kingdom and the...more

Implementation Day: What Does It Mean for U.S. Companies Interested in Iran?

This Saturday, January 16, 2016, the International Atomic Energy Agency (IAEA) certified that Iran satisfied their obligations under their nuclear-related interim obligations under the Joint Comprehensive Plan of Action...more

Iran Nuclear Sanctions Relief Implemented: New Opportunities Await Non-US Companies, but Comprehensive US Transaction and Export...

On January 16, 2016, the United States, its negotiating partners and Iran announced the arrival of Implementation Day for the Joint Comprehensive Plan of Action (JCPOA), to which the parties agreed on July 14, 2015 with...more

Implementation Day Arrives For Iran Agreement

On January 16, 2016, the International Atomic Energy Agency (“IAEA”) announced that Iran has fully implemented its nuclear-related commitments described under the Joint Comprehensive Plan of Action (“JCPOA”) bringing about...more

Iran Sanctions: What is Prohibited or Licensable for EU Businesses?

Despite the easing of sanctions on Iran on 16 January under the Joint Comprehensive Programme of Action (JCPOA), some prohibitions and licensing requirements continue to apply to EU businesses. These are summarised below,...more

Iran nuclear related sanctions lifted

On 16 January 2016, the International Atomic Energy Association (IAEA) reported to the United Nations Security Council (UNSC) that Iran has satisfied its obligations under the Joint Comprehensive Plan of Action (JCPOA) agreed...more

Landmark Sanctions Relief for Iran Takes Effect

As you may well have seen from the extensive media coverage this weekend, following certification by the International Atomic Energy Agency (IAEA) that the Government of Iran had met its obligations under the P5+1 Nuclear...more

Top 10 Things to Know About the Implementation of the Iran Nuclear Agreement

The EU and UN terminate most of their sanctions on Iran, while the US implements more limited changes to its longstanding embargo. On January 16, 2016, the International Atomic Energy Agency (IAEA) verified that Iran...more

“Implementation Day” Sanctions Relief Provided to Iran by UN, US, and EU

On January 16, 2016, the International Atomic Energy Agency (IAEA) verified that Iran has met its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA). On this day, known as “Implementation Day,”...more

Implementation Day for the P5+1 Iran Nuclear Agreement: What It Means for Canadian and International Businesses

January 16, 2016, marked “Implementation Day” for the Joint Comprehensive Plan of Action (JCPOA), the historic nuclear non-proliferation and sanctions reduction agreement reached between the “P5+1” countries (the United...more

Iran Sanctions: Early Easing of Sanctions Increasingly Possible

Public officials from the United States increasingly are making public statements regarding the likelihood that “Implementation Day” – the day on which many US and EU sanctions against Iran will be eased – will arrive in the...more

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