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End of first wind-down period

Following President Trump's decision on 8 May 2018 to withdraw the United States from the Joint Comprehensive Plan of Action ("JCPOA"), the US government announced that it would re-impose pre-JCPOA nuclear related sanctions (both primary and secondary) that were lifted under the JCPOA. As we reported previously, two 'wind-down' periods – of 90 and 180 days respectively – commenced from the day of the announcement, during which non-US, non-Iranian companies were encouraged by the US government to withdraw from operations in Iran that would be affected by re-imposed sanctions.

On 6 August 2018 the first of these wind-down periods expired. President Trump issued a new Executive Order ("New EO") re-imposing sanctions effective as of 7 August 2018. For our full briefing on the matter, please click here.

 

 

Susannah Cogman photo

Susannah Cogman

Partner, London

Susannah Cogman
Jonathan Cross photo

Jonathan Cross

Partner, New York

Jonathan Cross

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Susannah Cogman photo

Susannah Cogman

Partner, London

Susannah Cogman
Jonathan Cross photo

Jonathan Cross

Partner, New York

Jonathan Cross
Susannah Cogman Jonathan Cross