The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) updated its list of Frequently Asked Questions (FAQs) Relating to the Lifting of Certain U.S. Sanctions under the Joint Comprehensive Plan of Action (JCPOA).
Following our summary in March 2015, we have again summarized the main compliance benchmarking surveys which have been published over the past 12 months and summarized their results.
Baker & McKenzie has published the first edition of EMEA Corporate Liability Handbook 2015. The handbook covers 23 jurisdictions and answers the most important questions in connection with corporate liability.
We would like to invite you to our seminar ” Iran – The New and Old Trading Partner” in our offices in Frankfurt, Munich, Dusseldorf and Vienna.
On February 5, 2016, the Government of Canada announced changes to its comprehensive economic and trade sanctions against Iran.
“Implementation Day” of the nuclear agreement with Iran (the Joint Comprehensive Plan of Action or “JCPOA”) and the re-opening of the Iranian market arrived on Saturday, 16 January. In response to this, Baker & McKenzie is organizing the Iran Trade Roadshow, a series of 2-3 hour seminars in various locations across the globe that will provide an overview of the potential changes to sanctions in relation to the JCPOA.
This post provides you with a brief summary of the sanctions relief that the U.S. Government instituted on Implementation Day.
As a consequence of the implementation of the JCPOA, Swiss sanctions against Iran will be lifted at the same time as those of the UN and the EU.
On January 16, 2016, the International Atomic Energy Agency certified that Iran had fulfilled its nuclear-related commitments under the Joint Comprehensive Plan of Action in order for the JCPOA’s “Implementation Day” to take effect. Accordingly, EU and US sanctions relief for Iran that was outlined in the JCPOA has simultaneously gone into effect.
The economic literature explains that most markets tend towards oligopoly over the longer term. This does not necessarily imply that competition is impaired.