EU Court Tosses Sanctions Against Iranian Shipping Co.

Law360, New York (September 16, 2013, 5:25 PM EDT) -- A European court on Monday found that the European Union did not present enough evidence to tie an Iranian shipping company to that country's nuclear weapons program, a ruling that comes after the court annulled sanctions against several other Iranian companies earlier this month.

The EU General Court threw out sanctions that had been imposed against Tehran-based Islamic Republic of Iran Shipping Lines in 2010 by the Council of the European Union, an executive body that has authority to freeze the assets of businesses and individuals...
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