Although the United States, the European Union and the United Nations lifted a number of sanctions targeting Iran on 16 January 2016 ("Implementation Day") in accordance with the terms of the recent Iran nuclear deal, the immediate impact for financial institutions and companies considering doing business in Iran may be more limited than some of the news headlines may suggest. Our publication highlighting some of the main issues for financial institutions and companies is available at:

http://www.shearman.com/~/media/Files/NewsInsights/Publications/2016/01/Navigating-Iran-Sanctions-after-Implementation-Day-LT-012016.pdf

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.