Herbert Smith Freehills has published its Sanctions Update e-bulletin on recent developments in the sanctions regime against Iran.
On 21 July 2014, it was announced that the six month suspension of EU and US sanctions against Iran as part of the Geneva Joint Plan of Action agreed in January 2014 would be extended until 24 November 2014 to allow negotiations between the P5+1 (China, France, Germany, Russia, the UK and the US) and Iran to continue.
Both the UK and US have made announcements relating to the extension and the EU has published Council Decision 2014/480/CFSP which extends the previous relaxations until 24 November.
For further information, please contact Rod Fletcher, Partner, Susannah Cogman, Partner, Daniel Hudson, Partner, Elizabeth Head, Associate, or your usual Herbert Smith Freehills contact.
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