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Expert Analysis

US Sanctions And Foreign Insurers — The JCPOA Effect

Law360, New York (April 13, 2015, 1:10 PM EDT) -- The Joint Comprehensive Plan of Action, announced on April 2, 2015, is expected to substantially ease U.S. sanctions that apply to both U.S. and non-U.S. insurers. The JCPOA will be the final product of the lengthy negotiations between Iran and the "P5+1" (the U.S., U.K., Germany, France, Russia and China) under the interim Joint Plan of Action (the "JPOA"), which was first agreed in November 2013 and has been extended through June 30, 2015. The goal of these negotiations has been to obtain meaningful limits on Iran's nuclear program in exchange for relief from the crippling sanctions imposed upon Iran by the international community....

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