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P5+1 Nations

WilmerHale

U.S. Reimposes Final Tranche of Iran-Related Sanctions

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On November 5, 2018, the United States took steps to complete the U.S. withdrawal from the Joint Comprehensive Plan of Action (“JCPOA”), under which the United States – along with its partners in the P5+1 – had previously...more

WilmerHale

Iran Sanctions After the Trump Administration's JCPOA Withdrawal

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On Tuesday, May 8, President Trump announced that the United States would end its participation in the Joint Comprehensive Plan of Action (JCPOA), signed by the Permanent Five Members of the Security Council plus Germany...more

A&O Shearman

President Trump Announces US Withdrawal from JCPOA

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President Trump announced today the United States’ withdrawal from the Joint Comprehensive Plan of Action and initiated plans to re-impose nuclear-related sanctions that had been suspended under the terms of the 2015 nuclear...more

Skadden, Arps, Slate, Meagher & Flom LLP

President Trump 'Decertifies' the JCPOA, but the US Remains a Party to the Deal

Pursuant to the Iran Nuclear Agreement Review Act of 2015 (INARA), the president is required to make certifications every 90 days that Iran is complying with its obligations under the Joint Comprehensive Plan of Action...more

WilmerHale

US Announces Review of Iran Nuclear Deal

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On April 18, 2017, the State Department certified to Congress that Iran was in compliance with its obligations under the Joint Comprehensive Plan of Action (JCPOA) between the United States, Iran, and the P5+1 nations. It...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Future of Sanctions on Iran, Russia and Cuba Uncertain Under Trump"

Throughout the eight years of the Obama administration, the development and implementation of economic sanctions was a key element of U.S. foreign and national security policy. This strategy continued into the post-election...more

K&L Gates LLP

OFAC Provides Prospective Guidance on Potential “Snap-Back” of Iran Sanctions

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On December 15, 2016, the Office of Foreign Assets Control (“OFAC”) in the Department of the Treasury amended its Frequently Asked Questions guidance document (“FAQs”) regarding the Joint Comprehensive Plan of Action...more

K&L Gates LLP

“Implementation Day” Marks Lifting of Certain Nuclear-Related “Secondary” Sanctions on Iran by the United States in Accordance...

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On January 16, 2016, the International Atomic Energy Agency (“IAEA”) verified that the Islamic Republic of Iran (“Iran”) had satisfied its commitments under the Joint Comprehensive Plan of Action (“JCPOA”), which was entered...more

BakerHostetler

Implementation Day and the Lifting of Sanctions Against Iran

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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

Skadden, Arps, Slate, Meagher & Flom LLP

"Iran Sanctions Changes Will Impact Foreign Financial Institutions in 2016"

Editor’s note: This article includes news developments through January 18, 2016. The historic agreement that the P5+1 (the United States, the United Kingdom, France, China, Russia and Germany) and the European Union...more

Womble Bond Dickinson

The Partial Lifting of Iranian Sanctions – Not Quite Business As Usual

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Implementation Day under the Joint Comprehensive Plan of Action signed by the P5+1 (United States, United Kingdom, France, Russia, China and Germany), the European Union, and Iran (“JCPOA”) came on January 16, 2016 and...more

Holland & Knight LLP

Implementation Day: Iran Sanctions Relief Officially Takes Effect - IAEA Verifies That Iran Fulfilled Nuclear-Related Obligations...

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Jan. 16, 2016, marked a significant milestone ("Implementation Day") as the International Atomic Energy Agency (IAEA) verified that Iran had fulfilled its nuclear-related obligations under the landmark Joint Comprehensive...more

Orrick, Herrington & Sutcliffe LLP

Six Crucial Points About Iran Sanctions Liberalization

Crucial Points - - The U.S. government has, by and large, left in place its embargo generally forbidding U.S. companies, citizens and residents, and others in the United States to engage in Iran-related activity. ...more

Bennett Jones LLP

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

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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

Cozen O'Connor

“Adoption Day” Marks Official Launch of P5 + 1 Nuclear Deal with Iran

Cozen O'Connor on

The Joint Comprehensive Plan of Action (JCPOA), intended to prevent Iran from acquiring a nuclear weapon and to ensure that Iran’s nuclear program will be directed toward exclusively peaceful purposes, went into effect...more

Sheppard Mullin Richter & Hampton LLP

Iran Nuclear Deal Clears Senate Obstacle, But Will “Snap-Back” Bite?

On Thursday, September 10, 2015, U.S. Senate Democrats cleared a hurdle for the proposed Iran nuclear agreement by blocking a Senate resolution that would have rejected the deal. The result, in which Senate Republicans...more

Locke Lord LLP

The Iran Sanctions Program: Is There Relief in Sight for Re/Insurers Under The Iran Nuclear Agreement?

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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) administers complex and comprehensive trade and financial sanctions against the Government of Iran. The Iran sanctions prohibit virtually all...more

Morrison & Foerster LLP

Iran Sanctions: Change is Coming, But Risks and Uncertainties Remain

The Joint Comprehensive Plan of Action (“JCPOA”) that was signed on July 14, 2015 among Iran and the United States, Germany, UK, France, Russia and China (referred to as “P5+1” in the United States and “E3+3” in the EU) could...more

K&L Gates LLP

Brussels Regulatory Brief: July

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Antitrust and Competition - European Court Confirms Commission’s Jurisdiction for Fighting International Cartels On 9 July 2015, the Court of Justice of the European Union (‘CJEU’) upheld the EUR 288 million fine...more

BakerHostetler

The Nuclear Deal With Iran: The Lifting of Sanctions and Implications for Business

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On July 14, 2015, after two years of sometimes intense negotiations, the United States, the United Kingdom, France, Germany, Russia, and China (known as the “P5+1” countries), along with the European Union, signed a Joint...more

Dorsey & Whitney LLP

U.S. Business Interests and the 2015 Iran Nuclear Settlement: A Critical First Appraisal

Dorsey & Whitney LLP on

This has been a historic month for the United States and several other leading nations as they reached an apparent settlement with Iran over the development of its nuclear program. On July 14, the five permanent members of...more

Morgan Lewis

Potential Upstream Investment Under the New Iranian Petroleum Contract

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The signing of the JCPOA regarding Iran nuclear sanctions may usher in a new era of major international investment in the Iranian oil and gas industry....more

King & Spalding

Finalized Iran Nuclear Deal Outlines Changes for U.S. and EU Sanctions

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On July 14, 2015, negotiators from Iran, the EU, and the P5+1 countries —China, France, Russia, the United Kingdom, the United States, and Germany—announced that they had reached a consensus on the final text of the Joint...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Sanctions Relief Under the P5+1 Agreement With Iran: Implications for US, EU and International Business"

Editor’s note: This article was updated on July 23, 2015, to Editor’s note: This article was updated on July 23, 2015, to reflect certain additional information in U.N. Security Council Resolution 2231. On July 14, 2015,...more

Foley Hoag LLP

Opportunity, Uncertainty for Entities Wishing to Do Business with Iran

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Nuclear Deal with Iran Holds Out Possibility of Phased Relaxation of Sanctions - On July 14, 2015, the United States and five other countries (collectively known as the P5+11) reached a Joint Comprehensive Plan of...more

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