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The Iran nuclear deal – officially referred to as the Joint Comprehensive Plan of Action (“JCPOA”) – hit the world like a lightning rod. Many doubted the P5+1 negotiating countries could reach an agreement with Iran, and many others remain skeptical that all sides will see it to fruition. Still others object to transacting with Iran at all. Be that as it may, and notwithstanding the myriad obstacles that remain, the possible end to years of United States’ and other countries’ economic sanctions against Iran should cause businesses to consider what that world will look like for them. This blog discusses the time frame in which sanctions could be lifted, the ramifications of disputes over implementing the deal, and what effect sanctions relief might have on U.S. and global trade.
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