EUROPEAN COURT HANDS DOWN 11 IRANIAN SANCTIONS JUDGMENTS, MOSTLY ANNULLING SANCTIONS AGAINST BANKS AND SHIPPERS

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The Fourth Chamber of the General Court of the European Union (the judges that have decided most of the European Iran sanctions cases so far) has handed down 11 judgments on Iranian sanctions over the past two weeks.  In almost all of them, the applicants have won their applications for annulment, the Court holding that the European Council did not have any evidence to support its reasons for adding them to the European sanctions list.

All of the following have succeeded in this latest tranche of cases (click on each to access the judgment):

Shipping: The Islamic Republic of Iran Shipping Line (IRISL) & 16 companies listed as IRISL subsidiaries, Khazar Shipping Lines, Good Luck Shipping (see previous blog), Naser Bateni (who worked for a shipping company).  [Maya Lester acted for IRISL and Good Luck Shipping Company]

Insurance/construction: Iran Insurance Company, Iran Offshore Engineering & Construction Co.

Banking: Post Bank Iran, Export Development Bank of Iran, Bank Refah Kargaran, Persia International Bank.

A previous version of sanctions against Europaisch-Iranische Handelsbank was annulled (but not the amended version). Bank Melli Iran lost its case (its second challenge in the European court), as did a number of banks listed as Bank Melli Iran’s subsidiaries.

NB these cases do not mean that the companies have become de-listed straight away.  The orders annulling their listings do not take effect until the time period for the European Council (the defendant) to appeal against these judgments has expired (2 months and 10 days from the date of the judgments).  So it is possible that the Council will appeal and/or will re-list some or all of these companies in a way that tries to comply with the Court’s judgments.

Some thoughts on these judgments will follow shortly…

This entry was posted in European Court Cases, Iran by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

5 thoughts on “EUROPEAN COURT HANDS DOWN 11 IRANIAN SANCTIONS JUDGMENTS, MOSTLY ANNULLING SANCTIONS AGAINST BANKS AND SHIPPERS

  1. Pingback: RECENT EUROPEAN COURT JUDGMENTS ON IRANIAN SANCTIONS | European Sanctions Blog

  2. Pingback: EU RE-LISTS IRANIAN COMPANIES THAT HAVE WON THEIR EUROPEAN DE-LISTING CASES | European Sanctions Blog

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