–Bi-Weekly News & Analysis of the International Law Office


At first glance, it is worth considering that November 4, 2018 marked as the final day of the 180 days’ period regarding Donald Trump’s May 8, 2018 decision to suspend the USA participation in the Joint Comprehensive Plan of Action (JCPOA). Subsequently, on November 5, 2018, the USA re-imposed the sanctions on the Islamic Republic of Iran. The recent sanctions target the critical sectors of Iran’s economy such as the energy, shipping, shipbuilding and financial sectors.

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Bilateral Investment Treaty (BIT)

The number of Bilateral Investment Treaties (BIT) ratified by developing countries has significantly increased. BITs have actually had an important role in attracting the foreign direct investment (FDI) to signatory countries.

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Incoterms is a standard set of rules creating in the year 1936 by International Chamber of Commerce (ICC) which is used by the traders, buyers, sellers, banks, governments and indeed anyone involved in the supply chain of delivering goods. In general, Incoterms covers the tasks involved in shipping, responsibility of risks, insurance duties, customs clearance and taxes.

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The new mechanism for importation of durable capital goods and consumables

The Ministry of Industry, Mine and Trade (the “Ministry”) has adopted a new mechanism for the importation of durable capital goods and consumables on 07 October 2018 through the Minister’s letter No. 60/187245 of the same date requiring the registration of branch(es) or representative office(s) for the purpose of importing the durable capital and consumable goods (the “Goods”).

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A New Start

After more than thirty years of working as an international law office, our hope for a paradigm shift in the economic environment of Iran encourages and entices us to experience a new start by providing the public and our selected clients with bi-weekly, bi-monthly and yearly News & Analysis about the legal developments that are taking place in Iran. Our objective is to help our readers to keep themselves abreast of these developments and to remain aware of all the opportunities that are and will become available to them in the Iranian market.