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All tagged reputational risk
The sanctions relief afforded to Iran in January 2016 as part of the implementation of the JCPOA did not lead to a cascade—while a significant number of foreign companies did commence or resume operations in Iran, no larger, second cohort followed.
◢ The filing of a complaint against Italian telecommunications firm Italtel under the OECD Guidelines for Multinational Enterprises for its business activities in Iran is a warning about the scrutiny and politicized climate surrounding investment in the Islamic Republic. But companies can navigate these claims succesfully if they remain committed to responsible business and proactive monitoring.
◢ Managing risk is a key part of an Iran market entry strategy.
◢ There are four major categories of risk to consider: commercial, legal, political, and reputational.
