Sanctions Update On Iran
As reported in our client alert in December 2013, the "Joint Plan of Action" reached between the E3+3 and Iran in November 2013 envisaged a two-step process in relation to relief from international trade sanctions.
On 12 January 2014, it was announced that the interim deal (of six months of initial measures) between the E3+3 and Iran, constituting the first step of the "Joint Plan of Action", would begin to run on 20 January 2014.
For further details, please see the blog post on Reed...
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