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E3 launch INSTEX to facilitate European trade with Iran
Yesterday (31 January 2019), France, Germany and the UK (together, the E3) announced the creation of INSTEX (Instrument for Supporting Trade Exchanges) – a Special Purpose Vehicle (SPV) aimed at facilitating legitimate trade between European businesses and Iran. INSTEX has been registered but is not yet operational. The E3 Joint Statement notes that INSTEX will focus “initially on the sectors most...
Iran
France
United Kingdom
European UnionAbout 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...