SPECIAL PURPOSE VEHICLE (SPV) FOR TRADE WITH IRAN

On 13th November, the European Parliament Research Service published a briefing paper on steps to alleviate the effects of US sanctions on European firms, with the creation of a new mechanism as a special purpose vehicle (SPV), to facilitate financial transactions with Iran.

http://www.europarl.europa.eu/RegData/etudes/ATAG/2018/630273/EPRS_ATA(2018)630273_EN.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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