Legal News

Iranian bank loses appeal seeking €121m damages for EU sanctions

Published on: 07 October 2020
Published by: Law360
  • Iranian bank loses appeal seeking €121m damages for EU sanctions
  • Court of Justice dismisses appeal of Iranian bank claiming damages for procedurally vitiated EU sanctions

Article summary

Law360, London: The Grand Chamber of the Court of Justice on 6 October 2020 rejected an Iranian bank’s appeal seeking €121m in damages from the EU after its funds were frozen under nuclear sanctions that were later overturned on appeal. or take a trial to read the full analysis.

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