AIC's General Counsel, Steptoe & Johnson LLP, published an important analysis of sanctions relief following the recently-signed nuclear accord.
On July 14, 2015, the “P5+1” countries (the United States, the United Kingdom, France, China, Russia, and Germany, also referred to as the “the E3/EU+3”) announced an agreement to curtail significantly Iran’s nuclear program in exchange for providing phased economic sanctions relief. The Joint Comprehensive Plan of Action (JCPOA) creates a framework, subject to International Atomic Energy Agency (IAEA) monitoring, under which Iran will cease certain non-compliant nuclear activities and develop its civil nuclear energy program over a period of 15 years. See Annex I, Annex II (with attachments), Annex III, Annex IV, and Annex V to the JCPOA. See also our previous international law advisories regarding Iran sanctionsRead More