Over the summer, several European blue chips, certain Fortune
500s and major Asian corporates accelerated their entry strategy
for Iran. Some are investing in Iran pursuant to the Foreign
Investment Promotion and Protection Act 2002
("FIPPA"), which, amongst other things,
provides a sovereign guarantee from the Iranian government. Once an
investment has been approved and registered under FIPPA, the
government of Iran would pay market value compensation if it is
expropriated or nationalized. Also under FIPPA, all invested
capital and resulting profit may be repatriated.
Furthermore, the US government has been active since early
September in removing certain obstacles to doing business in Iran.
In late September, the US government granted permission to two
aviation giants to sell aircrafts to Iran. Boeing was granted
permission to sell 80 planes and Airbus was granted permission to
sell 17 of 112 planes (with permission for the sale of the
remaining aircrafts to come
