Iran Sanctions Update — July 2014
At the end of November 2013, the P5+1 (the US, UK, Germany, France, Russia and China) reached an agreement with Iran to suspend certain EU and US sanctions against Iran in return for a curb on Iran’s nuclear programme. The suspension of certain sanctions came into force on 20 January 2014 for an initial period of six months, i.e. until 19 July 2014, during which time the parties were to seek to reach agreement on a permanent deal in respect of Iran’s nuclear programme…
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Damages for breach of terms as to quality — does the Sale of Goods Act limit such damages to depreciation in value?
This sale contract dispute provides a useful refresher with regard to the proper application of the provisions of sections 53 and 54 of the Sale of Goods Act 1979.
On 1 August 2014, the ‘Provisional Measures on the Collection of Tax on Non-Resident Taxpayers Engaged in International Transportation Business’ came into force.