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ARTICLE · 24 FEBRUARY 2016

Iran Sanctions: New Developments

Dentons Canada LLP
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On February 5, 2016, the Government of Canada announced a repeal of its most restrictive economic sanctions against Iran.

CanadaInternational Law
Paul Lalonde
Paul Lalonde
Martha Harrison
Martha Harrison
Carmen Francis
Carmen Francis
James Wishart
James Wishart
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On February 5, 2016, the Government of Canada announced a repeal of its most restrictive economic sanctions against Iran. The move followed the announcement by the International Atomic Energy Agency on January 16, 2016, that Iran complied with measures required under the Joint Comprehensive Plan of Action, and the subsequent relaxation of domestic sanctions by both the US and the EU. Canada's decision to follow suit has the potential to reopen significant opportunities for Canadian companies, who have effectively been barred from doing business with Iran since 2011.

Canadian sanctions related to Iran are set out in two federal regulations: the Regulations Implementing the United Nations Resolutions on Iran (the UN Regulations), and the Special Economic Measures (Iran) Regulations (the SEMA Regulations). While the UN Regulations constitute Canada's domestic implementation of multilateral sanctions enforcing UN Security Council Resolutions, the SEMA Regulations

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