Back to Business in Iran After the Nuclear Deal: Maximizing Opportunity and Minimizing Liability Risks

Description

With the agreement regarding Iran’s nuclear program reached in July 2015, many companies will once again be able to seek business opportunities in Iran. However, with sanctions still in place, companies must prepare and position themselves to take advantage of these new opportunities.

For example, with the second largest natural gas reserves and the fourth largest crude oil reserves, the energy industry is expected to have tremendous growth potential. However, companies and their counsel must be conscious of the litigation risks involved in going back to doing business in Iran. Returning to business in Iran may provide a way to enforce judgments in court decisions and expose companies to liability.

Despite opportunities opening up in Iran, companies and their counsel should proceed with caution. It is essential for counsel to understand the sanctions and customs hurdles and what steps are necessary for compliance. Further, counsel must understand the tax implications of doing business in Iran and plan accordingly.

Listen as our authoritative panel addresses issues facing both companies and their counsel looking to sell into or invest into Iran, and potential investment into the U.S. from Iran sources. The panel will discuss the sanctions that remain after the Iran nuclear deal, and potential licenses that must be obtained when dealing with Iran, as well as customs controls and related issues. The panel will also address the litigation risks involved for companies going into (or back to) Iran and international tax planning.