News & Analysis as of September 18, 2024

European Union › Winding Down

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Adler: A Spanish Perspective

Latham & Watkins LLP on 3/25/2024

How would the Spanish court tackle the issues faced by the English Court of Appeal in Adler? Our analysis provides an instructive comparison for groups, shareholders, and creditors when considering where to restructure....more

Adler Restructuring Plan Set Aside: Reflections on the English Court of Appeal’s Landmark Ruling

Akin Gump Strauss Hauer & Feld LLP on 2/23/2024

In one of the most highly anticipated judgments in the European restructuring market in recent years, on 23 January 2024, the English Court of Appeal overturned the High Court’s decision sanctioning the Adler restructuring...more

E3 triggers Iran nuclear deal dispute settlement mechanism (while EU sanctions lifting continues for now)

White & Case LLP on 1/17/2020

France, Germany and the United Kingdom, known as the “E3”, announced on 14 January 2020 that they had triggered the dispute resolution mechanism under the Joint Comprehensive Plan of Action (“JCPOA”) due to concerns about...more

President Trump Issues New Iran Executive Order and Reimposes First Set of Sanctions Following JCPOA Withdrawal

Akin Gump Strauss Hauer & Feld LLP on 8/17/2018

• On August 6, 2018, following President Trump’s decision to withdraw the United States from the JCPOA, the U.S. government announced the reimposition of sanctions on Iran’s automotive sector, its trade in gold and precious...more

Iran Sanctions – U.S. Reimposes Sanctions After JCPOA Withdrawal, First Measures Come Into Effect

Dechert LLP on 8/9/2018

As expected, following his May 8, 2018, decision to withdraw the United States from the Joint Comprehensive Plan of Action (“JCPOA”), President Trump signed a new Executive Order (“E.O.”) on August 6, 2018, formally...more

US Withdrawal From Iran Nuclear Deal Poses Challenges for Companies

Skadden, Arps, Slate, Meagher & Flom LLP on 5/15/2018

On May 8, 2018, President Donald Trump announced that the United States was withdrawing from its participation in the Joint Comprehensive Plan of Action (JCPOA), the agreement the P5+1 (the United States, China, France,...more

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