By Scott Flicker, Behnam Dayanim, Kwame Manley, Jeremy Steed, Lauren Kelly Greenbacker & Randall Johnston on May 08, 2018
Posted in Iran Sanctions, Economic Sanctions
On May 8, 2018, President Donald Trump announced that the United States would withdraw from the Joint Comprehensive Plan of Action (JCPOA) with Iran. President Trump's unilateral decision to withdrawal from the agreement puts the fate of the JCPOA in jeopardy. The impact on U.S. foreign policy will be profound, but, more immediately, the President's decision triggers an end to U.S. sanctions relief under the JCPOA and re-imposes many sanctions prior to January 2016. The implications are far reaching. We identify six key takeaways for U.S. and global businesses.
- The Wind-Down Period Starts Now.
- Non-U.S. Subsidiaries of U.S. Persons Must Exit Iran.
Click here to read the alert.