CMS Germany has become the first major international law firm to open a dedicated office in the Iranian capital, Tehran, the company announced on Tuesday.
This includes the right to provide legal advice in Iran. Following successful completion of detailed preparations, the CMS office and staff in Tehran opened for business on 1 February.
Cornelius Brandi, Executive Chairman of CMS, said:
“At CMS, we look to expand into regions where we see change and where we expect that there will be future opportunities. After the lifting of sanctions, we now see this in Iran.
“This is a large country with a very well-educated and young population which is open for travel and well-connected internationally. We see many opportunities, especially in energy, technology and automotive.”
Following the election of the current president Hassan Rohani in 2013 and the start of negotiations with the West, CMS set up a task force to establish connections in Iran, successfully paving the way for the new office.
Hubertus Kolster, Managing Partner of CMS Germany, commented:
“Setting up a CMS office in Tehran is a clear demonstration of our commitment and underlines the importance of the market in Iran and the Middle East.
“This will enable us to provide local support for our clients and investors on projects in Iran. It is also another milestone for our firm in the development of innovative and cross-border legal services.”
CMS will be represented in Iran with its own lawyers, who will also advise on Iranian law and cover all the legal areas expected of a major international law firm. The client base will comprise multinationals and large SMEs from all over the world, as well as from within Iran itself. CMS has already advised on the cooperation agreement signed recently between Daimler and Iran Khodro Diesel SSA.
The new CMS office in Tehran is located in Navak Tower in the Iranian capital, which is also home to the German Chamber of Foreign Trade in Tehran. The legal team will include Iranian lawyers, led by Jürgen Frodermann and Shaghayegh Smousavi.
Jürgen Frodermann has been advising German-Iranian clients for many years. As a German-Iranian partner at CMS, Shaghayegh Smousavi has likewise gained a high level of legal expertise in both countries during her work for international clients.
In addition to German, English and French, she speaks the national language, Persian, and is very familiar with the local conditions and institutions in Iran.