On September 19, 2020, the US State Department issued a press release announcing the re-imposition of sanctions against Iran pursuant to the snapback process under UN Security Council Resolution 2231, the resolution that essentially terminated all UN sanctions on Iran pursuant to the Joint Comprehensive Plan of Action (“JCPOA”). At the same time, the international community has rejected this unilateral US attempt to snapback UN sanctions. To implement the snapback of UN sanctions, on September…
On Monday, August 10, 2015, Baker & McKenzie is hosting an event in our offices in Washington, DC about the Iran nuclear deal (the “Joint Comprehensive Plan of Action”) and related sanctions relief. Speakers will include representatives from the State Department, the Treasury Department’s Office of Foreign Assets Control, and the private sector. There will be a teleconference option for those who are unable to attend in person. The event is sponsored by the Association…
Earlier today, representatives of the P5+1 governments reported that negotiators have reached an understanding with Iran regarding the framework for an agreement addressing Iran’s nuclear program. A fact sheet outlining the parameters of this understanding is available online here. A comprehensive agreement remains to be written, but according to the agreed framework such an agreement will provide for the relaxation of certain US, EU, and UN sanctions targeting Iran if it is verified that Iran is abiding…
It is reported that the E3/EU+3 and Iran have today agreed to extend the Joint Plan of Action (JPOA) until 30 June 2015, having failed to reach a definitive agreement by today’s deadline. It is currently understood that the temporary US and EU sanctions easing will remain in force until this date. Reportedly substantial progress was made during the latest round of talks. According to the British Foreign Secretary Philip Hammond, there will be further…