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Joint Comprehensive Plan of Action (“JCPOA”)

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Representatives of China, France, Germany, Russia, the United Kingdom and Iran met on 26 February 2020 at a meeting of the Joint Commission of the Joint Comprehensive Plan of Action (JCPOA). All participants reaffirmed their commitment to the JCPOA and their strong support and collective responsibility for the continuation of key nuclear non-proliferation projects. The meeting follows the announcement on 14 January 2020 that the JCPOA Dispute Resolution Mechanism had been initiated by the E3 Foreign Ministers (see our earlier blog post here); the time limit for Joint Commission consideration of Iran’s actions was extended without a specific deadline at the end of January (extending the 15 day period that was triggered on 14 January).

On 1 December 2019, it was announced that six more countries – Belgium, Denmark, Finland, Netherlands, Norway and Sweden – had signed up to the clearing house, Instex, joining France, Germany and the UK. Based in Paris, Instex functions as a clearing house that allows Iran to continue to sell oil and import other products or services in exchange. A joint statement by the existing shareholders, France, Germany and the UK, welcomed the development stating…

On 3 July 2019, Baker McKenzie held its latest webinar looking at the impact of the United States’ withdrawal from the JCPoA, titled “What happens if the JCPoA collapses?”. In the webinar, Baker McKenzie experts from London, Dusseldorf and Washington provided a recap of the current position, before going on to ask how UN and EU sanctions on Iran could be re-imposed and what this would mean in practice. The slides for the session can…

The High Representative of the European Union and the Foreign Ministers of France, Germany and the United Kingdom released a joint statement today (see here for the full statement) following Iran’s announcement yesterday that it would withdraw from certain commitments as agreed as part of the 2015 nuclear agreement (see our post here on this). The statement urged Iran to continue to implement its commitments under the nuclear agreement, stating that Iran’s compliance would be…