UK High Court Nixes Sanctions On Iranian Bank

Law360, New York (June 19, 2013, 1:47 PM EDT) -- The U.K.'s highest court on Wednesday overturned the country's sanctions on an Iranian bank that was allegedly linked to Iran's pursuit of nuclear weapons, ruling it was unfair for the government to single out the company for punishment.

The Supreme Court of the United Kingdom ruled that sanctions levied in 2009 against Iran-based Bank Mellat, which effectively shut down the bank's U.K. operations, were out of sync with the overall objective of hindering Iran's nuclear weapons program.

The possibility of transactions that helped Iran was an...
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