Akin Gump Co-Hosts Dubai Event on Impact of Iran Nuclear Deal
(Dubai, United Arab Emirates) – Akin Gump, in conjunction with the American Business Council of Dubai & the Northern Emirates, co-hosted the seminar “Impact of Sanctions Relief on U.A.E. Companies” regarding the impact of Iran sanctions relief on companies based in the United Arab Emirates.
The event, which featured Akin Gump international trade partner Jonathan Poling and counsel Mac Fadlallah, examined the intricacies of how the easing of sanctions resulting from the recent Iran nuclear deal impacts companies operating in the Middle East, including U.S. multinationals in the United Arab Emirates.
Speaking of the developments, Poling said, “There is a wide disconnect between non-U.S. companies with no U.S. ties and U.S. companies with respect to what Iran activities they can each engage in under the deal. U.S. companies are at a competitive disadvantage and will face enormous business pressure to keep up.”
Fadlallah added, “The deal has not yet been implemented and there is still a condition to the U.S. or EU lifting a finger to waive a single sanction, which is that the International Atomic Energy Agency must verify that Iran has complied with certain nuclear-related measures that are part of the deal.”
The program, which was held at The Oberoi hotel, attracted more than 200 key business decision makers from the region.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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