FOR IMMEDIATE RELEASE Contact: Julie Clark Company Name: American Business Council of Dubai & the Northern Emirates Tel: 04.379.1414 Email: communications@abcdubai.com Website: www.abcdubai.com The Iran Nuclear Deal: Impact of Sanctions Relief on UAE Companies hosted by the American Business Council of Dubai & the Northern Emirates and Akin Gump Dubai – October 11, 2015 On Sunday October 11th, the American Business Council of Dubai & the Northern Emirates (ABC Dubai) along with Akin Gump Strauss Hauer & Feld LLP hosted a seminar on Impact of Sanctions Relief on UAE Companies as part of its Knowledge Exchange Series. The sold-out luncheon attracted more than 200 key business decision makers from the region. The panel of experts, including former U.S. government officials, from Akin Gump’s Dubai and Washington DC offices examined the intricacies of how the easing of sanctions resulting from the recent Iran nuclear deal impacts companies operating in the Middle East, including U.S. multinationals in the UAE. Jonathan C. Poling, Partner at Akin Gump in the Washington DC office, stated, “There is a wide disconnect between non-U.S. companies with no U.S. ties and U.S. companies with respect to what Iran activities they can each engage in under the deal. U.S. companies are at a competitive disadvantage and will face enormous business pressure to keep up.” Mahmoud (Mac) Fadlallah, Attorney at Akin Gump added, “The deal has not yet been implemented and there is still a condition to the U.S. or EU lifting a finger to waive a single sanction, which is that the International Atomic Energy Agency (IAEA) must verify that Iran has complied with certain nuclear-related measures that are part of the deal.”
Jonathan C. Poling, Partner at Akin Gump & Mahmoud (Mac) Fadlallah, Attorney at Akin Gump
Participants during the presentation at, The Iran Nuclear Deal: Impact of Sanctions Relief on UAE Companies