As deadline for nuclear agreement approaches, any easing of sanctions will be gradual, and global businesses will continue to face compliance and enforcement risks.

This Client Alert outlines the approaches the US Government and the European Union could take to roll back sanctions on Iran if the P5+1 countries (the US, UK, France, Russia, China and Germany) and Iran reach a final nuclear non-proliferation agreement. It is difficult to predict whether the parties will reach a final accord, what specific paths the US and the EU will take (and when) to ease sanctions, and what additional factors — including actions by the US Congress — could affect any final agreement or efforts to lift sanctions.