Professional Services

According to its website, "Our Iran team has been acting for clients in Iran and in relation to Iran for over thirty years. Our work includes non-contentious and contentious advice for international entities conducting business in Iran, private Iranian entities and the Iranian State and State-owned entities."

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Eversheds Sutherland (International) LLP (“Eversheds Sutherland”) agreed to speak at the Iran Trade Business Briefing 2017 (the “Briefing”) in London on April 26, 2017.(Global Trade Review Website, “Description”).

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Eversheds LLP (“Eversheds”) agreed to sponsor the 3rd Europe-Iran Forum (the “Forum”) in Zürich on May 3-4, 2016.

ahc is listed as a company on TradeWithIran.Com. 

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ahc GmbH Management Consulting (“ahc”) took part in the Baden-Württemberg Delegation to the Islamic Republic of Iran (the “Delegation”) in Tehran on September 2-8, 2016.

ADL Iran webpage.

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ADL was listed as a knowledge partner at the 2nd Iran International Exploration & Production Congress and Exhibition (“Iran E&P 2018”), which took place in Tehran from March 3-4, 2018. (Iran E&P 2018 Website, “International Companies Attending”).

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Arthur D. Little (“ADL”) sponsored the 8th Iranian Steel Market Conference (the “Conference”) that took place in Tehran, Iran on January 30, 2018. (Donya e-Eqtasad Website, “About Conference”).

As of August 27, 2019, Barwa Real Estate is listed on the Illinois Investment Policy Board Iran Restricted Companies list. 

On March 18, 2014, Putrajaya was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, Putrajaya remains on the SBA list of prohibited investments. 

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In 2020, the U.S. state of Mississippi listed Putrajaya on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting.

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On June 1, 2020, the Ohio Police & Fire Pension Fund (“OP&F”) listed Putrajaya Management on its scrutinized companies Iran/Sudan list.   On September 24, 2008, OP&F adopted an Iran and Sudan Divestment Policy, which notes, “[t]he purpose of this Policy is to divest and restrict the purchase of stocks and bonds (“direct holdings”) issued by a publicly traded Company… with “scrutinized active business operations” in Iran and Sudan.”  

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On June 8, 2017, the Protecting Florida’s Investments Act (“PFIA”) was signed into law. The PFIA requires the State Board of Administration (“SBA”), acting on behalf of the Florida Retirement System Trust Fund (“FRSTF”), to assemble and publish a list of “Scrutinized Companies” that have prohibited business operations in Sudan and Iran. Once placed on the list of Scrutinized Companies, the SBA and its investment managers are prohibited from acquiring those companies’ securities and are required to divest those securities if the companies do not cease the prohibited activities or take certain compensating actions. As of May 28, 2020, the Florida State Board of Administration (“SBA”) continues to list Putrajaya Management on its list of “Scrutinized companies with Activities in the Iran Petroleum Energy Sector.” 

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On January 13, 2020, the South Dakota Investment Council submitted a report to the Executive Board of the Legislative Research Council regarding compliance with SDCL 4-5-48 to 4-5-60, Iran Divestiture. Included in this report is an Iran Scrutinized Companies list of all prohibited investments for which the internal managers and direct external managers are instructed not to purchase any company on the list. Putrajaya Management is included on this list.  

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As of December 31, 2019, the Alaska Retirement Management Board lists Putrajaya Management as a company doing material business with Iran.  

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Putrajaya is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.

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Putrajaya is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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Putrajaya is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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On March 13, 2019, the Mississippi Department of Finance & Administration identified Putrajaya Management as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran.”  

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In 2017 the U.S. state of Alaska, Florida, Mississippi, listed Putrajaya Management on its list of companies doing material business with Iran rendering Putrajaya Management ineligible for investment and/or state contracting.

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In 2018 the U.S. state of Iowa, Ohio listed Putrajaya Managements an Iran restricted company rendering Putrajaya Management ineligible for investment and/or state contracting.

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In 2014, 2015, 2016 and 2017 Putrajaya Managements was listed on the Texas Pension Review Board List of Scrutinized Companies doing business in Iran pursuant to Chapter 807.054, Government Code.  

According to its 2019 financial statement, Azimut group owns a 20% stake in Mofid. 

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According to the Financial Times, Azimut “has become the first foreign investment group to buy a stake in an Iranian financial company [Mofid Entekhab]….  Azimut will buy the stake through AZ International Holdings, its Luxembourg-based unit.  Azimut and Mofid also plan to establish a fund, domiciled in Luxembourg, for foreign investors to invest in Iran.”  (Financial Times, “Italian asset manager buys stake in Iranian rival,” 10/10/2017).  In the same article, Azimut is quoted as saying, Azimut was “looking for an opportunity to invest in a very interesting market. Iran is a great story.”  (Id.).

Lists an office in tehran, iran on its website.

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"A bustling population of 80 million people and an estimated GDP of about US$400 billion dollars, Iran is an emerging market ripe for investment. Enter Toronto-based Delta-Arjan Advisory, which advises Iranian firms to be "investor ready." Senior Partner Dragica Grbavac explains what industries and sectors are ready for foreign capital." (Bloomberg, "Iran at the Dawn of Foreign Investment Opportunity," 3/1/2017).

"Iran’s economy is a mixture of central planning, state ownership of oil, village agriculture, and small-scale private trading and service ventures. So it seems like an unusual outpost for a recruiter. But Alexander Hughes’ Iranian office has now officially opened for business. Shayan Shadfar and Christophe Laurent-Atthalin are managing the new operation. CEO Julien Rozet, Mr. Shadfar and Mr. Laurent-Atthalin said in a joint statement: 'Our offices in Tehran show the very strong interest of the global economic world in the Iranian market. We are proud to be the first global executive search firm returning to Iran to support businesses here in finding top talent for their great ventures in this promising country.'" (Hunt Scanlon Media, "Alexander Hughes Opens in Iran," 2/26/2017).

"Python & Peter, a leading Swiss law firm, has opened an office in Tehran in a further sign of the country opening for business in the wake of the groundbreaking nuclear agreement signed last year. The new office will aim to advise foreign multinationals on how to operate in a country slowly awakening from years of international isolation and numerous economic downturns. In February, Germany's CMS was the first international law firm to open an office in Tehran since the 1979 Islamic Revolution... Iranian law firms with international standards are also rare. But a new generation of lawyers has been encouraged with the entrance of foreign law firms into the country, said Encyeh Seyed Sadr, partner and attorney at law in Bayan Emrooz, a new local law firm. Lack of trust in Iran's judicial system, fears of bias and corruption as well as often lengthy proceedings and high tariffs means many foreign companies are wary of losing their investments should they run into difficulties with their local partners... In a further sign of the growing international interest in setting up business in Iran, a team from the Swiss Chambers' Arbitration Institution visited Tehran last week, offering fair, independent and flexible arbitration services in any potential future disputes between Iranian and foreign companies." (Financial Times, “Leading Swiss law firm opens Tehran office,” 5/5/2016)

"Fincantieri reports that it has signed a number of framework agreements with Iranian companies. It says these "preliminary understandings are prior to the accomplishment of several contracts worth some hundred million euros and to the potential development of joint activities. The understandings include a cooperation and development agreement with Azim Gostaresh Hormoz Shipbuilding Industry Co (AGH), which Fincantieri says is "a modern and new shipyard, strategically located in the Persian Gulf within the special economic zone." (January 27, 2016).

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"European companies are promising billions in new deals in Iran—€5.7 billion from Italian steelmaker Danieli and more than €300 million from French car builder PSA Peugeot Citroën, among others—as Iranian President Hassan Rouhani works to revive trade and political ties on the Continent this week. Mr. Rouhani landed in Rome on Monday on his first overseas trip since the European Union lifted sanctions on Jan. 16 in return for Tehran’s implementation of key restrictions on its nuclear program. The trip will take Mr. Rouhani from Vatican City—marking the first meeting between an Iranian president and a pope since 1999—to the gilded halls of Paris’s Élysée Palace. With a number of U.S. sanctions still in place, European countries are moving quickly to re-establish ties to sell everything from consumer goods to aircraft. Italian and Iranian companies signed deals valued at about €17 billion ($18.36 billion) late Monday ahead of a formal dinner between Mr. Rouhani and Italian Prime Minister Matteo Renzi. Earlier in the day, Italian steel firm Danieli said it would sign deals valued at about €5.7 billion during the visit. Other firms signing agreements on Monday included oil-field services company Saipem SpA, energy group Ansaldo Energia and ship maker Fincantieri SpA... In France, auto makers, airport operators and construction firms were primed for a raft of accords when Mr. Rouhani visits French President François Hollande on Thursday. French car maker Peugeot is expected to complete an agreement to manufacture cars in Iran as part of a 50-50 joint venture with auto maker Iran Khodro valued at more than €300 million, according to a person familiar with the matter... In opening its doors for business, however, Tehran is demanding European firms locate technological know-how and factories inside Iran to revive the country’s hobbled job market. Another key plank of Iran’s ambitions is the revamping of its creaky aviation industry. Iranian officials say they plan to buy more than 100 new jets from Airbus Group SE to replenish the country’s small and poorly maintained commercial passenger fleet. Mr. Rouhani’s meeting with Mr. Hollande in Paris on Thursday is timed to the unveiling of about €400 million in contracts to expand Iran’s aging airports for increased tourism and business traffic, one of the people familiar with the matter said. Tehran is expected to tap French airport operator Aéroports de Paris and construction-and-media conglomerate Bouygues SA to design and build a new terminal at Tehran’s Imam Khomeini International Airport, according to the people. French construction firm Vinci SA will develop and operate airports in Mashhad and another Iranian city, the people said... Just minutes after Mr. Rouhani landed in Rome, Italian airline Alitalia SpA said it would boost the number of flights between Rome and Tehran from four times a week to daily, starting March 27." (Wall Street Journal, “Iran President Visits Europe to Seal Post-Sanctions Deals Worth Billions,” 1/25/2016)