UK COURT DISMISSES IRAN APPEAL AGAINST IMPOSITION OF SANCTIONS FREEZE ON ARBITRATION INTEREST

On 18 February, the EU Sanctions Blog reported that the case involved interest on £400 million determined in an arbitration award to be owed to Iran from the sale of British military vehicles in 1971 should be enforced during the period the IRGC was subject to EU sanctions (from 2008).

https://www.europeansanctions.com/2020/02/uk-court-dismisses-irans-appeal-on-enforcement-of-interest-payment/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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