Jonathan Poling Quoted in Law360 on Iran Nuclear Deal

April 3, 2015

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Sarah Richmond

Senior Communications Manager

Jonathan Poling, a partner in Akin Gump’s international trade practice, was quoted by Law360 in the article “As Iran Deal Looms, EU Sanctions Relief Could Outpace US,” which addresses the framework of a deal to lift trade sanctions against Iran in exchange for concessions on its nuclear program.

Among the questions being asked following the announcement of an agreement, is whether and to what extent the United States and European Union will coordinate their efforts to remove sanctions against Tehran. There is, according to the article, the potential for a divergence between the two.

Poling said the existence of an extraterritorial sanctions law, which bars U.S.-based and overseas subsidiaries of U.S. parents from commercial dealings with Iran, could create difficulties for U.S. multinational companies. It might, he said, “create a really interesting dynamic where you might have a foreign subsidiary of a U.S. company in the EU that could be allowed to enter Iran under EU law, but would be prohibited under U.S. law.”

Share This Insight

Related Services, Sectors, and Regions

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.