By Maya Lester QC & Michael O’Kane

EU to set up SPV for transactions with Iran

The E3/EU+2 (China, France, Germany, Russia and the UK) and Iran have issued a Joint Statement welcoming an initiative to maintain and develop a Special Purpose Vehicle (SPV) to “facilitate payments related to Iran’s exports (including oil) and imports, which will assist and reassure economic operators pursuing legitimate business with Iran”. EU High Representative Federica Mogherini has stated that the …

IranIran European UnionEuropean Union

About Maya Lester QC

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Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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