Jonathan Poling Quoted in The Wall Street Journal on Non-Recertification of Iran Nuclear Agreement
Jonathan Poling, a partner in the international trade practice at Akin Gump, has been quoted in The Wall Street Journal’s Risk & Compliance Journal article “The Morning Risk Report: Trump’s Iran Moves Change Little For Companies.” The article reports that President Trump’s decision not to re-certify Iran’s compliance with the nuclear agreement could shake the confidence of companies seeking to operate in Iran, but it caused very little legal change.
Poling said the landscape remains very uncertain. While the licenses issued by the Department of the Treasury when the deal was implemented remain intact, President Mr. Trump is free to rescind or modify them at any time. “If a company is operating pursuant to a general license issued by [Treasury] and the general license is rescinded, continued operations in Iran would be illegal and subject to strict U.S. penalties,” he said.