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Briefing

Lifting sanctions under the new Joint Comprehensive Plan of Action

After 17 days of uninterrupted negotiations in Vienna, Austria, on 14 July 2015 Iran, the United States, the EU and other negotiating partners reached what is being described as a ‘historic’ deal regarding Iran’s nuclear programme.

The Joint Comprehensive Plan of Action (JCPOA) provides a long-term plan for limiting Iran’s uranium enrichment and related nuclear activities, extensive monitoring of those activities by the International Atomic Energy Agency (IAEA) and, in exchange, the eventual suspension and termination of nuclear-related UN, EU and US economic sanctions. While the JCPOA may create new opportunities in Iran, certain sanctions will remain in place and others will be subject to ‘snap back’. The landscape, while more open, is still complex. Full details of the new JCPOA and what it means for business are available here

Our Iran Sanctions Response Group will continue to monitor the situation closely and will provide additional updates on any particularly significant further developments relating to sanctions or trade matters. Please do not hesitate to contact your usual relationship partner or any member of our Iran Sanctions Response Group if you have any questions or would like to discuss any of these matters.

In the US:
Benito Romano (Washington DC) (+1 202 777 4597)
Kim Zelnick (New York) (+1 212 277 4010)
Glen Kelley (New York) (+1 212 230 4605)
Anahita Thoms (New York) (+1 212 508 8808)
Bob Schlossberg (Washington DC) (+1 202 777 4450)

In the UK:
Sarah Parkes (London) (+44 20 7832 7630)
Sylvia Noury (London) (+44 20 7785 5467)
Stuart Grider (London) (+44 20 7716 4276)
Daniel Lawrence (London) (+44 20 7427 3917)
Andrew Boyer (London) (+44 20 7427 3580)
Maziar Jamnejad (London) (+44 20 7716 4428)

In Germany:
Hans-Joachim Priess (Berlin) (+49 30 20283 759)
Roland Stein (Berlin) (+49 30 20 28 37 60)

In Austria:
Stephan Denk (Vienna) (+43 1 515 15 223)

In the UAE:
Jonathan Rawlings (Dubai) (+971 4 5099 265)
Pervez Akhtar (Dubai) (+971 4 5099 191)

In Hong Kong:
William Robinson (+852 2846 3336)

In Singapore:
Lucy Reed (+65 6908 0412)