EU launches formal process of activating Blocking Statute on US-Iran sanctions

We reported yesterday that the President of the EU Commission Jean-Claude Juncker had announced that the EU Commission will “[launch] the process [of activating] the ‘blocking statute’ from 1996”, in order to “protect European companies” from the extraterritorial effects of US sanctions (in light of US President Trump’s decision to withdraw from the JCPOA and to reimpose US sanctions on...