On American Business

Posted: November 1st, 2015

By Adam Smith

Adam Smith recently joined Gibson Dunn's Washington, D.C. office after five years in the Obama Administration at the White House and Treasury working as a senior sanctions official. He spearheaded the Administration's efforts to implement Congressionally-mandated secondary sanctions on Iran, developed sanctions relief strategies in the context of the Iran nuclear agreement, authored industry guidance and advisories, and negotiated parallel sanctions measures put in place by the European Union and other states including Switzerland, Japan, Australia, and Canada.

The Cipher Brief spoke with Adam Smith, Of Counsel at Gibson, Dunn & Crutcher, about how the lifting of nuclear related sanctions against Iran will impact U.S. businesses. He explained that for most U.S. entities, current restrictions on their dealings with Iran will continue despite the nuclear agreement.

The Cipher Brief: According to the Joint Comprehensive Plan of Action (JCPOA), what steps must be taken in order for Iran to be granted sanctions relief?

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