SOME IRANIAN BANKS / COMPANIES NO LONGER ON EU SANCTIONS LIST

The Council of the European Union often re-lists companies that have won de-listing cases in the European court, on the basis of amended reasons or listed criteria.  However, the following companies that won their court challenges have not been re-listed, and the Council has not appealed against the judgments, which means that the asset freezing / travel ban restrictions no longer apply to them and the annulments have come into effect:

The National Iranian Tanker Company (NITC) (see blog piece here), Moellem Insurance Company (here), Sina Bank (here), Sorinet Commercial Trust and Mr Zanjani (see blog here), and the Sharif University of Technology (here),

HM Treasury’s notice confirming that the asset freeze no longer applies to these companies is here.

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.

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