Thursday 18 February 2016

EU court ruling on Iranian bank paves way for claims against UK | World news | The Guardian

EU court ruling on Iranian bank paves way for claims against UK | World news | The Guardian:

"Bank Mellat, an Iranian firm whose assets were frozen due to alleged involvement in nuclear proliferation, has won a European Union court ruling paving the way for claims against the UK.

The decision by the EU court of justice in Luxembourg that the bank should not have been targeted will bolster its claim against the UK government for billions of pounds worth of compensation.

The case was brought against the European council, the grouping of the EU’s 28 member states, which froze the funds of a number of Iranian financial entities from 2010 to combat Iranian activities that could have led to the country developing nuclear weapons. The UK government appeared in support of the council."



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