EU Sanctions on Iranian Businesses Adjudged IllegalPosted: February 27, 2013
I’ve also been meaning to write something for some time on the recent cases in which the EU General Court has ruled that sanctions imposed on Iranian businesses unilaterally by the EU – i.e. unauthorized by the U.N. Security Council – are unlawful. These are very significant cases, and as I understand it the illegality of these sanctions has become so well settled that the affected parties are now moving on to actions against the EU seeking compensation for the harm caused by these illegal acts of the EU. As noted in this report of the most recent case, the Court has ruled that “The Council (of EU governments) is in breach of the obligation to state reasons and the obligation to disclose to the applicant … the evidence adduced against it.” The Bank Saderat case can be viewed at this link.
EU law is one of the many areas outside of my expertise, so I would welcome comments from ACL colleagues and others who could explain to readers the bases for these decisions of the General Court better than I can.