EU de-lists Bank Saderat and its UK Plc

The EU has de-listed Bank Saderat and its UK subsidiary Bank Saderat PLC from its sanctions on Iran, further to a decision that the Bank’s listing should apply only until 22 October 2016 (see previous blog).  Bank Saderat was not due to be de-listed under the JCPOA until transition day, 20 October 2023. The UK Treasury has published a notice here confirming that these entities are no longer subject to an asset freeze.

This entry was posted in Iran, 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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