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CJEU - T 434/11 / Judgment

Europäisch-Iranische Handelsbank v Council

Deciding Body type:
Court of Justice of the European Union
Deciding Body:
General Court (Fourth Chamber)
Type:
Decision
Decision date:
06/09/2013
Key facts of the case:
  1. The applicant, Europäisch-Iranische Handelsbank AG, is a German bank specialising in services and businesses relating to or in Iran. 
  2. On 26 July 2010, the Council of the European Union adopted Decision 2010/413/CFSP concerning restrictive measures against Iran and repealing Common Position 2007/140/CFSP (OJ 2010 L 195, p. 39). Article 20(1)(b) of Decision 2010/413 provides that the funds and economic resources of the persons and entities listed in Annex II to that decision are to be frozen.
Results (sanctions) and key consequences of the case:
  1. Annuls Council Implementing Regulation (EU) No 503/2011 of 23 May 2011 implementing Regulation (EU) No 961/2010 on restrictive measures against Iran, and Council Decision 2011/299/CFSP of 23 May 2011 amending Decision 2010/413/CFSP concerning restrictive measures against Iran, in so far as those acts concern Europäisch-Iranische Handelsbank AG;
  2. Dismisses the action as to the remainder;
  3. Orders Europäisch-Iranische Handelsbank to bear three fifths of its own costs and to pay three fifths of the costs incurred by the Council of the European Union;
  4. Orders the Council to bear two fifths of its own costs and to pay two fifths of the costs incurred by Europäisch-Iranische Handelsbank;
  5. Orders the United Kingdom of Great Britain and Northern Ireland and the European Commission to bear their own costs.