On July 14, 2015, Iran and the E3/EU+3 (China, France, Germany, Russia, United Kingdom, United States) announced a Joint Comprehensive Plan of Action in which key sanctions targeting Iran will be lifted provided that the IAEA verifies Iran made its nuclear program peaceful. Shearman & Sterling has been closely following the imposition of sanctions targeting Iran and the recent discussions that led to the Joint Plan of Action. This Plan is only the beginning of the process to lift sanctions against Iran, which will significantly impact both U.S. and non-U.S. companies seeking to do business in Iran.

View our Iran Sanctions microsite, linked below, for a collection of key documents related to the Joint Comprehensive Plan of Action, the U.S. Sanctions Laws, Regulations, and Executive Orders targeting Iran, and our commentary prepared to alert our clients about the implications of these recent developments.