June 6, 2018

Iran Sanctions 2.0: Are You Ready?

Client Alert
TJ Auner | Andrew B. Derman | Andrew Melsheimer

In early May, President Trump withdrew the United States from the “Iran Deal,” a/k/a the Joint Comprehensive Plan of Action (“JCPOA”). Foreign companies, including those wholly owned by a U.S. parent, involved in Iran’s petroleum and petrochemical sectors are now on alert. They have three to six months to wind up their affairs before the U.S. resumes enforcing its primary and secondary sanctions pertaining to those industries.

READ: Iran Sanctions 2.0: Are You Ready?

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