Hatami & Associates has been counsel to one of the most famous Chinese automobile manufacturers, Yema Automobile, in connection with an agreement to establish a joint venture with an Iranian party, including legal advice regarding commencement of business activity in Iran. Our dedicated lawyers conducted a comprehensive and detailed Due Diligence on the target company, revised and finalized the draft of the proposed JV Agreement, and will further oversee the functions of the Iranian party in terms of potential legal issues. Furthermore, regarding willingness of Yema Auto for establishing a subsidiary in Iran, the Firm has advised the client on possible variations of business structure and also the process of obtaining foreign investment permit under the related laws and regulatory framework.