3 December 2013
The Joint Plan of Action on Iran's nuclear activities, agreed on Sunday, 24 November 2013 between Iran and the E3+3 Group (the US, France, Ger-many, the UK, China and Russia), attracted worldwide attention. Undoubtedly, the deal has an important political dimension. And it appears to also have legal and economic ramifications. In return for Iran curbing its nuclear program, the E3+3 Group has offered to ease international sanctions on doing business in the country. This newsletter provides an overview of the current sanctions and the extent to which they will be eased over the next few months along with a summary of the practical consequences and advice for companies doing busi-ness in Iran or considering doing so in the future.