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The latest changes in ICC Arbitration Rules: Expedited Procedure Provisions

In the world of international commerce, time and cost management are key factors of success to business and governments alike. ICC’s Expedited Procedure guarantees that disputes will be managed as expeditiously and cost-efficiently as possible by a trusted and neutral institution. As the world’s leading arbitral institution, the ICC Court introduced the Expedited Procedure as […]

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Iran and Italy’s collaboration in gathering Flare gases

Ansaldo Company, National Iranian South Oil Company, Pars Oil & Gas Company, Iranian Central Oil Fields Company, and Iran Fuel Conservation Company signed a collaboration agreement with the aim of gathering Flare gases for generating electricity and also modernization of oil and gas equipment on 18 October 2017. By virtue of the mentioned agreement, Ansaldo  […]

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Foreign investment in Iran’s Exchange Market

According to the Iranian Market of Exchange News Agency, IMEreport, the managing advisor of Securities and Exchange Organization of Iran announced that a conference will take place in 31 October 2017, in which 45 political and economic officials from 16 countries will come together in Kish Island. The attractiveness of the Iranian exchange market, development […]

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NIOC and Total have signed a $5 billion contract

The National Iranian Oil Company (NIOC) has signed a deal with a consortium led by French oil company Total on 3 July 2017 to develop its giant South Pars gas field, the largest natural gas field in the world. The deal, which is Iran’s first with a European oil company in more than a decade, is worth $4.8 […]

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Iran offering incentives to renewable energies investors

According to reports, the president of Iran’s Organisation for Investment, Economic and Technical Assistance of Iran, Mohammad Khazai, stated at the recently held Iran-European Business Forum on Sustainable Energy that foreign and private domestic companies investing in renewable projects could receive certain tax incentives (including tax holidays of 5-13 years) and that the Iranian government […]

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European Court of Justice uphold visa ban on Iranians

On the date of 4 April 2017, in the case concerning the validity of visa issuance rejection to an Iranian national by the German Embassy in Tehran, The European Court of Justice ruled that national authorities may refuse, for reasons of public security, to grant to an Iranian national with a degree from a university […]

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Dr. Negar Aghighi Joins PAA Lawyers

PAA-Lawyers is pleased to announce that Dr. Negar Aghighi, Ph.D. in International Law, has joined our firm. Dr. Aghighi has been the Consultant and Manager of contract department of Sazeh Consultants, Engineering and Construction since 2005, and has also specialized in International Contracts Law, as well as International Trade Law. Her backgrounds and skills can be […]

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The re-listing of two Iranian banks were upheld by the EU General Court

The EU General Court, has upheld the re-listings of the Export Development Bank of Iran and Bank Refah Kargaran by the EU, the original targeted sanctions of which were annulled by the Court in September 2013. The Court’s judgments were on the grounds that the EU Council had demonstrated, on its new criterion of targeted […]

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Publication of Iran sanction-related Frequently Asked Questions

OFAC updated the Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint Comprehensive Plan of Action, amending one FAQs related to Snapback Mechanism (M.4) and adding one FAQ related to Wind-down Period (M.5). According to para. M.4 “in the event of a snapback, sanctions will not apply retroactively to legitimate business activity that takes […]

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Commercial Aircraft SPAs in progress after the JCPOA, but the complications still need scrutiny!

Key points on the Conclusion of Civil Aircraft SPAs in Post-JCPOA Era In the post-JCPOA sphere, renovation of Iran’s aviation fleet has gained attention from the Iranian aviation companies and negotiations in regards to conclusion of related contracts is in process. It must be noted, however, that the governing legal regime of sale & purchase […]

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