KEY CONTACT

Rovine Chandrasekera

Rovine Chandrasekera
Managing partner of the Dubai office

T: +971 4 407 3901 M: +971 55 899 3951 Email Rovine | Vcard Office: Dubai

Iran

We have been active in Iran for over 30 years. More recently, we have helped steer our Iranian and international clients through the complex range of sanctions. Given our local knowledge and connections we are also best placed to assist on investments into Iran. Our Iran group is led jointly by Sue Millar out of London and Rovine Chandrasekera out of Dubai.
  • Profile
  • Experience
  • Key contacts

Our activities in Iran date back as far as the mid-1970s. We were a key player in the resolution of the US hostage situation in Iran. We acted for Bank Markazi in relation to the freezing of Iranian money by the US. A key factor delaying the release of the US hostages was the unfreezing of Iranian money. We devised the actual means by which this could be done. 

Our clients include some of the largest Iranian and Iranian-owned commercial enterprises.  We advise companies across the spectrum of the Iranian economy, including in the banking, shipping, energy, life sciences and commodities sectors. 

We have continued to advise our Iranian clients throughout the recent period of sanctions, including in relation to their litigation and arbitration requirements in multiple jurisdictions using our network of international offices and relationships with local lawyers.  We have acted on some of the most high-profile and complex challenges to sanctions in the UK and EU courts. 

Our dedicated Iran group is made up of representatives from our international offices and across practice areas.  With the anticipated lifting of sanctions, we have the local and international connections and in-depth knowledge to assist on inbound and outbound investment.

‘Top-notch for Iran and sanctions work’, Stephenson Harwood is noted for its ‘knowledgeable and practical approach to Iran matters.’
Legal 500 EMEA 2017

British-Iranian banks

Providing a range of advice including in relation to sanctions and regulatory compliance, commercial disputes in the UK and other jurisdictions, trade and asset finance, employment, tax and real estate.

Challenges to sanctions

Representing a number of major Iranian and Iranian-owned commercial companies and related individuals challenging asset freezing measures in the UK and EU courts.

Leading Iranian ship owner

Advising in relation to sanctions against Iran, including advising on European based finance/loan obligations, charter party and MOA obligations and shipbuilding contracts.

Iranian ship owners

Acting for the owners in a US$5 million dispute with a Chinese shipyard due to faulty installation of an engine turbine.

Iranian entity

Advising in relation to the enforcement of a €100 million arbitration award against a large UK company.

Iranian biomedical products distributor

Representing the company and its management in various court proceedings in France against a French company over the wrongful termination of their contractual relationship.

Multi-billion power plant project

Acted on the IPP construction project of a $2.5 billion power plant by the Iranian Mapna Group - for the Iraqi Ministry of Electricity and the Iraqi Ministry of Finance.

Employment advice

Advising various Iranian clients in the financial and energy sectors on all aspects of employment from recruitment and connected immigration issues, through to complex disciplinary proceedings, redundancies and other dismissals.

Shipping and project finance advice

Acting for a British-Iranian bank in various loan facilities on shipping and project financing matters.

Large scale fraud and refinancing of shares

Advising on a multi-million investment fraud involving several Iranian expats in the UAE, US and UK and the refinancing of shares for the holding company.

Rovine Chandrasekera

Rovine Chandrasekera Managing partner of the Dubai office

T: +971 4 407 3901
M: +971 55 899 3951 Email Rovine | Vcard Office: Dubai

Sue Millar

Sue Millar Partner

T: + 44 20 7809 2329
M: + 44 7825 625 898 Email Sue | Vcard Office: London

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.