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Iran Nuclear Deal: The Launch Of The Dispute Resolution Mechanism And The Potential Snapback Of UN And EU Sanctions

Wednesday, 23rd January 2020

"On 14 January 2020, France, Germany and Britain (known as the “E3”) launched the Dispute Resolution Mechanism against Iran under the Joint Comprehensive Plan of Action (JCPOA), the agreement on Iran’s nuclear programme reached in 2015 with Iran by the US, the EU, the UK, France, Germany, Russia and China. Under the terms of the JCPOA, in January 2016 the UN, the EU and the US lifted a major part of their sanctions, previously imposed on Iran, in exchange for Iran’s commitment to curb its enrichment of uranium, as a measure to prevent Iran from acquiring nuclear weapons.

The launch of the outcome of the Dispute Resolution Mechanism will have a major impact on companies engaged in international trade, as it could eventually result in the re-instatement of the UN and EU sanctions against Iran, that were lifted in January 2016 under the JCPOA.

The E3’s decision to trigger the Dispute Resolution Mechanism follows Iran’ announcement on 6 January 2020 that it would no longer comply with the uranium enrichment limits set in the JCPOA.

In a joint statement, E3 foreign ministers declared that their overarching objective is to preserve the JCPOA through a constructive diplomatic dialogue, but that Iran’s actions gave them no choice but to refer to the Dispute Resolution Mechanism envisaged under the JCPOA.

What’s next?"

Read in full:  


Web-link: http://www.mondaq.com/International-Law/885286/Iran-Nuclear-Deal-The-Launch-Of-T...
Source: DLA Piper
Language: English
Contact: by Valerijus Ostrovskis , Armin Hendrich , John Forrest and Anna Kovaleva


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