Exactly one year after the declaration of the USA to withdraw from the "nuclear deal" with Iran, the President of the United States has imposed further severe sanctions against Iran with Executive Order of 8 May 2019. So far, US sanctions were especially targeting the oil sector, Iran’s main source of income, as well as the banking and financial sector; now they also apply to the iron, steel, aluminium and copper sector.
The impact of this development on European companies will be the subject of our "lunch talk" at GvW's Frankfurt office on 14 May 2019. Dr. Lothar Harings, Head of the Customs and Foreign Trade Law Practice Group and Chairman of the European Forum for Foreign Trade, Excise and Customs (EFA), and Brett Harris, Attorney-at-law of US law firm Pisani & Roll, one of the leading foreign trade lawyers in the US, will discuss the USA’s Iran policy under the title "America first? The challenge of US sanctions". On 16 and 17 May 2019, Dr. Lothar Harings and Brett Harris will hold a seminar on the same topic at the Hamburger Zollakademie titled "U.S. Export Controls and Embargoes & Sanctions for European companies".
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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