EU renews Egypt sanctions

The EU has renewed its targeted sanctions relating to Egypt for 1 year, until 22 March 2017.  The sanctions impose asset freezes on 19 people said to be subject to “judicial proceedings” by the Egyptian authorities for being involved in the “misappropriation of state funds” (including former President Mubarak). See blog on the related Ezz judgment here.

The renewing measures are Decision (CFSP) 2016/411 amending Decision 2011/172/CFSP.  The EU’s notice to the listed people (here) informs them that they may ask the Council before 15 December 2016 to request that their inclusion on the sanctions list be reconsidered, and may seek licenses to use frozen funds.

This entry was posted in Egypt, Latest EU Measures 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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