Central Asian-based Colibri Law has become the second international law firm to establish an office in Tehran after partnering with a local firm, The Global Legal Post reported.
The Iran office will focus on corporate work including due diligences of Iran-based assets, joint venture agreements, share purchase agreements, merger control issues and trade and regulatory issues.
Two weeks after western sanctions were lifted against Iran in mid-January, CMS became the first international firm to open an office in Iran.
It is understood that a number of UK firms have been discussing opening in Iran including Clyde & Co, Eversheds and Pinsent Masons.
French firm August & Debouzy has launched an Iran desk to support its French corporates with their projects in the region.
