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Iran > Law firm and leading lawyer rankings

Editorial

Legal market overview

Following years of crippling economic sanctions, Iran is finally open for business – on paper at least. Despite formal lifting of sanctions at the start of 2016, the anticipated wave of foreign investment remains frustrated by US primary sanctions and a banking system in disarray. Western banks with ties to the US are reluctant to process payments due to fear of prosecution or reputational damage. Smaller, wholly European-owned banks are making some payments facilitating international trade, but there is little by way of bank lending and project finance.

A consequence of the sanction years is a fractured legal market, mainly comprised of sole practitioner generalists with little experience of international transactions. The local law firms in this chapter are well placed to advise inbound investors. Our Foreign law firms section recognises firms that have substantial experience in Iran-related matters.

The German arm of CMS became the first international law firm to open in Iran in 2016, while, in the same year, Dentons opened its own associated practice, APP Legal Institute in association with Dentons Europe LLP.

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