HM Treasury has published a notice confirming that the EU asset freeze against Mazen Al-Tabbaa has been lifted.
The lifting of the asset freeze follows a judgment of the General Court of the European Union, handed down on 25 August 2014, annulling the EU sanctions listing of Mr Al-Tabbaa on its Syria sanctions (see previous blog). The judgment was not appealed and so the annulment order has now come into force.
Mr Al-Tabbaa was originally listed on the basis that he was a business partner of two people “responsible for the violent repression against the civilian population in Syria”, and the owner of a currency exchange which “supports the policy of the Central Bank of Syria”. The sanctions on Mr Al-Tabbaa were first imposed by Council Implementing Regulation (EU) 410/2012 and Council Implementing Decision 2012/256/CFSP.
Maya Lester appeared for Mr Al-Tabbaa in the General Court. A list of EU sanctions in force against Syria can be found in the “sanctions in force” section of this blog.