(Photo by Borna Mirahmadian/iStock)
The European arm of growing global legal giant Dentons is poised to set up shop in Tehran after forging a local legal alliance with the Arman Pirouzan Parvine Legal Institute (APP).
APP is made up of 10 lawyers and is led by Iran- and U.S.-qualified partner Navid Rahbar-Sato. The Tehran-based firm will advise Dentons’ international clients on a broad range of legal issues, including capital markets, corporate, employment, infrastructure, litigation and regulatory matters.
The planned launch by Dentons’ legacy Salans arm—the European firm was absorbed into Dentons’ Swiss verein network in 2012—comes after CMS Cameron McKenna became the first global firm to open an office in Iran earlier this year following the lifting of Western sanctions against the country.
Timing for Dentons’ expansion into Iran has yet to be confirmed. In a statement, the firm said it had formed the association in response to increasing client demand for sanctions and investment advice related to Iran, from the automotive, energy, hospitality and retail sectors.
“Following the change in international sanctions involving Iran, many of our clients are either already present in Iran or exploring commercial opportunities there,” said Dentons Europe CEO Tomasz Dabrowski in prepared remarks. “We are committed to supporting our clients wherever they do business.”
Pirouzan Parvine, a Warsaw-based partner at Dentons who heads the firm’s Iran desk, added in a statement of his own that “while our Iran team has been serving clients successfully ever since sanctions were changed, we now want to build momentum by establishing a closer relationship with a firm in Tehran.”
Due to ongoing restrictions in the U.S. and Canada, only Dentons’ European business is entering into the association with APP. Dentons’ continental European partners were recently asked to inject between $6.7 million and $7.8 million in extra capital into the firm over the next two years, as noted by London-based Legal Week.
The move, which follows a partner vote in favor of raising capital contributions, does not include Dentons’ U.K. partnership or any other part of the Swiss verein-structured firm. Earlier this year, Dentons’ U.K. arm absorbed a 45-lawyer banking and finance team from dissolving British firm Matthew Arnold & Baldwin.
Dentons, which saw its legacy office in Shanghai decamp last week for Morgan, Lewis & Bockius, has embarked on a massive expansion spree headlined by the firm’s landmark union with Chinese legal giant Dacheng. Earlier this year, Dentons expanded into Mexico through an association that has resulted in some local legal troubles, although the firm has also clinched combinations in Australia and Singapore, Colombia and Luxembourg.