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

Navigating Remaining Sanctions and Customs Controls, Obtaining Necessary Licenses, and International Tax Planning

Recording of a 90-minute CLE webinar with Q&A


Conducted on Tuesday, October 13, 2015

Recorded event now available

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Program Materials

This CLE webinar will provide guidance for counsel to U.S. companies considering doing business in or with companies in Iran. The panel will discuss how to ensure compliance with sanctions and customs requirements as well as address international tax planning issues in order to take advantage of business opportunities in Iran.

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.

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Outline

  1. U.S./Iran relations
  2. U.S. Sanctions
    1. U.S. sanctions prior to the Iran nuclear deal
    2. U.S. sanctions that remain after the Iran nuclear deal
    3. Timing of sanctions relief under the Iran nuclear deal
    4. Potential licenses that must be obtained when dealing with Iran
    5. Enforcement risks
  3. U.S. Export Controls
    1. U.S. export controls prior to the Iran nuclear deal
    2. U.S. export controls that remain after the Iran nuclear deal
    3. Potential licenses that must be obtained when dealing with Iran
    4. Enforcement risks
  4. International tax planning
    1. Potential issues
    2. Tax beneficial structuring alternatives

Benefits

The panel will review these and other key issues:

  • What business activities are permissible with respect to Iran?
  • What steps can companies take to promote OFAC and export controls compliance with respect to Iran?
  • What strategies should counsel employ when addressing international tax planning in light of new opportunities in Iran?

Faculty

Mehrdad Ghassemieh
Mehrdad Ghassemieh

Partner
Harlowe & Falk

Mr. Ghassemieh’s practice includes assisting companies of all sizes, in all business and tax matters. This...  |  Read More

Nnedinma C. Ifudu Nweke
Nnedinma C. Ifudu Nweke

Senior Counsel
Akin Gump Strauss Hauer & Feld

Ms. Ifudu provides assistance to U.S. and non-U.S. clients with various aspects of U.S. and international trade...  |  Read More

Linney, Barbara
Barbara D. Linney

Member
Miller & Chevalier Chartered

Ms. Linney advises U.S. and foreign clients across a broad spectrum of industries on international trade and business...  |  Read More

David B. Woodward
David B. Woodward

President & CEO
Associates in Cultural Exchange

Mr. Woodward has presented extensively worldwide in forums and conferences on Middle East issues and Islam. He is a...  |  Read More

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