The EU Sanctions Blog reported on 31st July that the Commercial Court has given judgment in Ministry of Defence & Support for Armed Forces of the Islamic Republic of Iran v International Military Services Ltd. The decision means that the Iranian MoD cannot claim the £400 million in interest owed to Iran from the sale of British military vehicles in 1971, as the relevant EU Regulation imposing sanctions precluded the ministry from enforcing the interest component of the award because no claims connected to the performance of a contract or transaction could be satisfied if made by a designated person.
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