On July 14, 2015, the United States, France, China, Russia, the United Kingdom, Germany and the European Union entered into the Joint Comprehensive Plan of Action with Iran after years of difficult negotiations.
Jonathan Epstein is a Partner and Farid Hekmat is an
Associate in Holland & Knight's
Washington D.C. office
HIGHLIGHTS:
- On July 14, 2015, the United States,
France, China, Russia, the United Kingdom, Germany and the European
Union entered into the Joint Comprehensive Plan of Action (JCPOA)
with Iran after years of difficult negotiations.
- On July 20, 2015, both the United
Nations Security Council and the Council of the European Union took
action to endorse the JCPOA.
- Assuming the accord is implemented as
planned, the lifting of European Union and most U.S. secondary
sanctions will, as a legal matter, largely normalize
maritime-related transactions between non-U.S. companies and
Iran.
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