The Global Legal Market – Expansion into Iran


The signing and ratification of the Joint Comprehensive Plan of Action (JCPOA) by Iran, China, France, Russia, United Kingdom, United States, Germany and the European Union began the process of lifting the sanctions that had previously restricted economic expansion in Iran.


In figures that are expected to rise considerably over the coming years, Iran’s GDP remains roughly equivalent to that of the entire UAE and has vast reserves of high-value natural resources. 


Export of these resources currently accounts for 80% of total Iranian exports.  With the lifting of the sanctions, the destinations of these exports will rapidly diversify, requiring new agreements and the support of law firms accustomed to operating within the legal frameworks of these new importers.


Thus far, CMS has already opened up an office on the ground in Tehran and it is only a matter of time before other internationally-minded firms take similar action.

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