State-Level Sanctions Linger As Deterrent Despite Iran Deal
Law360, New York (June 3, 2016, 7:22 PM EDT) -- As domestic and foreign companies grapple with an Iranian market being carefully pried open by the removal of U.S. sanctions under a historic nuclear accord, they must now exercise caution in the face of previously overlooked state-level bans on procurement and public investments with Iranian trade partners.
Prior to the signing of the Joint Comprehensive Plan of Action by the U.S., Iran and other world powers, states' sanctions on Iran were essentially superfluous from a compliance standpoint as the many sanctions maintained by the federal government had effectively shuttered Iran from foreign investment for years.
But now, as the JCPOA begins...
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