Friday 19 September 2014

Court rejects EU’s freeze on assets of Iran central bank - FT.com

Court rejects EU’s freeze on assets of Iran central bank - FT.com:



"The EU’s initial freeze on the assets of Iran’s central bank has been struck out in court, calling into question the bloc’s use of confidential sources to support its international sanctions.



The Court of Justice in Luxembourg ruled that the case against the Iranian central bank from January 2012 was based on confidential evidence from one unidentified member state, against which Tehran could not mount a defence.



“The reasons relied on are so vague and lacking in detail that the only possible response was in the form of a general denial,” the court said. “Those reasons therefore do not comply with the requirements of the case-law.”"



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