Wednesday, June 19, 2013

Britain’s Supreme Court has lifted sanctions against Iran’s Mellat Bank describing them "irrational" and "disproportionate".

    Wednesday, June 19, 2013   No comments

The UK's highest court ruled that the government was wrong to have imposed sanctions on an Iranian bank in 2009 over alleged links to Iran's nuclear programme.
The Supreme Court decision on Wednesday mirrored a January ruling by the European Union's General Court, which overturned sanctions imposed in 2010, and could result in the bank suing Britain for damages.
In a majority judgment, Supreme Court Judge Jonathan Sumption said that the British government had been "arbitrary", "irrational" and "disproportionate" to single out Bank Mellat, Iran's largest private bank, for sanctions.
Bank Mellat has long denied allegations against its activities and argued that it had not been consulted before sanctions were imposed.


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