FOR IMMEDIATE RELEASE Contact: Julie Clark Company Name: American Business Council of Dubai & the Northern Emirates Tel: 04.379.1414 Email: communications@abcdubai.com Website: www.abcdubai.com The Iran Nuclear Deal: Impact of Sanctions Relief on UAE Companies hosted by the American Business Council of Dubai & the Northern Emirates and Akin Gump Dubai – October 11, 2015 On Sunday October 11th, the American Business Council of Dubai & the Northern Emirates (ABC Dubai) along with Akin Gump Strauss Hauer & Feld LLP hosted a seminar on Impact of Sanctions Relief on UAE Companies as part of its Knowledge Exchange Series. The sold-out luncheon attracted more than 200 key business decision makers from the region. The panel of experts, including former U.S. government officials, from Akin Gump’s Dubai and Washington DC offices examined the intricacies of how the easing of sanctions resulting from the recent Iran nuclear deal impacts companies operating in the Middle East, including U.S. multinationals in the UAE. Jonathan C. Poling, Partner at Akin Gump in the Washington DC office, stated, “There is a wide disconnect between non-U.S. companies with no U.S. ties and U.S. companies with respect to what Iran activities they can each engage in under the deal. U.S. companies are at a competitive disadvantage and will face enormous business pressure to keep up.” Mahmoud (Mac) Fadlallah, Attorney at Akin Gump added, “The deal has not yet been implemented and there is still a condition to the U.S. or EU lifting a finger to waive a single sanction, which is that the International Atomic Energy Agency (IAEA) must verify that Iran has complied with certain nuclear-related measures that are part of the deal.”
Jonathan C. Poling, Partner at Akin Gump & Mahmoud (Mac) Fadlallah, Attorney at Akin Gump
Participants during the presentation at, The Iran Nuclear Deal: Impact of Sanctions Relief on UAE Companies
ABOUT THE AMERICAN BUSINESS COUNCIL The American Business Council of Dubai & the Northern Emirates operates under the auspices of the Dubai Chamber of Commerce & Industry and functions as a Chapter of the U.S. Chamber of Commerce. Since its founding in 1985, the American Business Council has supported U.S. business interests in Dubai & the Northern Emirates and acts as a liaison between government and commercial enterprises. The American Business Council is a 500 plus member-driven organization. Fortune 500 companies and key business leaders are well represented among the members of the American Business Council. The American Business Council provides a forum for understanding and interaction between the local business community and members of the American Business Council. Members are supported through a robust calendar of informational programs, round-table discussions, and business networking opportunities. For more information about the American Business Council and to learn how members are engaged, visit us at www.abcdubai.com. ABOUT AKIN GUMP STRAUSS HAUER & FELD LLP Akin Gump Strauss Hauer & Feld LLP is a leading global law firm providing innovative legal services and business solutions to individuals and institutions. It is one of the world’s largest law firms, with over 900 lawyers and professionals in 21 offices. The firm’s clients range from individuals to corporations and foreign governments which it services through over 85 practices that range from the traditional, such as litigation and corporate, to the contemporary, such as sanctions and national security. Akin Gump’s UAE offices provide a unique service offering with a dedicated compliance and investigations team on-the-ground in Dubai and Abu Dhabi assisting U.S. multinationals and non-U.S. entities in solving their most complex sanctions challenges. More information is available at www.akingump.com. ###