EU court upholds Iran sanctions on another NIOC subsidiary

The General Court has rejected another annulment application by a NIOC subsidiary in Joined Cases T-159/13 and T-372/14 HK Intertrade Co Ltd v Council (26 November 2015). A link to the judgment is here.  The Court held that the 3rd of 4 reasons given for the applicant’s listing was sufficient to justify its inclusion in the EU’s Iran sanctions, namely being a “front company controlled by EU-designated NIOC” – the applicant did not dispute that it was owned by NIOC. This is line with previous NIOC subsidiary cases (see e.g. previous blog).  The Court also said that the Council’s errors in stating the applicant’s name and in providing access to file were insufficient to annul its designation.

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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