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11 Nov 2013

The EU’s highest court decides two appeals concerning EU sanctions against Iran

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Sanctions briefing note

The Court of Justice of the EU ("CJEU") yesterday (28 November 2013) gave judgment in two appeals by the Council of the EU against judgments of the General Court ("GC") annulling the asset freezes imposed by the Council on two Iranian companies, Manufacturing Support Procurement Kala Naft Co. ("Kala Naft") and Fulmen, and Fulmen's majority shareholder and chairman, M. The CJEU set aside the judgment of the GC in Kala Naft and maintained its designation, but dismissed the appeal in Fulmen.

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