Despite Iran Sanctions Deal, It's Status Quo For US Cos.

Law360, New York (January 24, 2014, 7:24 PM EST) -- Although a short-term deal to suspend some economic sanctions against Iran is now in effect, attorneys say virtually nothing will change for U.S. companies, and even foreign businesses that gained some leeway to trade with Iran should exercise caution because the sanctions relief is limited and temporary.

An interim “joint plan of action” between Iran and the P5+1 countries — the U.S., China, France, Germany, Russia and the U.K. — took effect Jan. 20. Under the deal, which would last for up to six months and...
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