Who is Trading with Iran?

An interesting headline just caught my eye – especially after having been in the Middle East less than a month ago. CNBC’s article, quoting a hospitality industry CEO was that “everybody is doing business with Iran.”  The CEO heads the Abu Dhabi-Rotana based hotel chain, which is  planning three hotels in Iran.   What was baffling to me was this company is from Abu Dhabi, which is traditionally more reserved than neighboring Dubai when it comes to dealing with Iran.  The gentleman points to Iran’s size and market, and implies that some pretend that they are not dealing with Iran.  With recent news about EU court decisions in favor of Iran’s Banks Mellat and Saderat (see previous posts on this site), there is at least some evidence to point to that there may be a new viewpoint on sanctions, irrespective of what happens in the P5+1 talks.  I do not advocate policy on this blog nor or my other ones, so I will let you do the debating!

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An international trade and regulatory lawyer.

Posted in Corporate, Sanctions

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This website aims to provide notes and commentary on international legal, business, and political developments in economic and other sanctions. It is intended solely for information and entertainment purposes and should in no way be construed as legal advice. If you have any questions or are unclear on any of the subject matters addressed or discussed on this site, please consult a licensed legal professional. Views presented in the comments and outside links do not necessarily reflect those of the website author. All external links on this website to articles and documents are external and provided for informational purposes only. They have no relation to the author of this website unless specified otherwise.

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Copyright 2017 Farhad R. Alavi.
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