Iranian Bank Beats EU Nuke Sanctions In Court

Law360, New York (February 7, 2013, 1:48 PM EST) -- A European Union court ruled Tuesday that the bloc should lift economic sanctions on Iran’s Bank Saderat, saying the government hadn’t provided enough evidence to justify the punitive measures intended to hobble Iran’s nuclear program.

The EU’s General Court said the sanctions — part of broader U.S. and European efforts to force Iran to abandon a suspected nuclear weapons program — violated Saderat’s right to defend itself against European legal charges.

When it put the sanctions in place in 2010, the EU listed numerous reasons for...
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