Iran sanctions — November 2013 agreement
Over recent weeks, the P5+1 (the US, the UK, Germany, France, Russia and China) have been engaged in discussions with Iran with the aim of reaching an agreement over Iran’s nuclear programme. As has been widely reported in the press, on 23–24 November 2013, the parties reached an initial agreement to ease certain specific sanctions in return for action by Iran. This agreement is intended to last for a period of six months and has been described by the US as a ‘first-step understanding’.
In return for action by Iran on its nuclear programme, the intention is that the P5+1 will provide ‘limited, temporary, targeted and reversible relief to Iran’. Such relief is intended to include a suspension of sanctions on gold, precious metals and Iran’s petrochemical exports. While there may be an easing of certain sanctions, the US has indicated that a vast majority of the existing restrictions will remain in place, including those on the banking sector and crude oil, and that the P5+1 will continue to enforce these vigorously…
If you are registered and logged in to the site, click on the link below to read the rest of the Ince & Co briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Ince & Co
News from The Lawyer
Briefings from Ince & Co
A claim brought by Mariah Re is one of few cat bonds to have been triggered, and almost as quickly went into dispute.
The recent judgment in the Longchamp case has overturned accepted industry thinking in how bunkers and crew wages are dealt with in a hijacking.