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CJEU - T 563/12 / Judgment

Central Bank of Iran v Council of the European Union

Policy area:
Foreign and security policy
Deciding Body type:
Court of Justice of the European Union
Deciding Body:
Court of Justice of the European Union / General Court (First Chamber)
Type:
Decision
Decision date:
25/03/2015

Key facts of the case:

Common foreign and security policy — Restrictive measures taken against Iran with the aim of preventing nuclear proliferation — Freezing of funds — Obligation to state reasons — Rights of defence — Right to effective judicial protection — Error of assessment — Right to property — Right to reputation — Proportionality.

Results (sanctions) and key consequences of the case:

THE GENERAL COURT (First Chamber) hereby:

  1. Dismisses the action;
  2. Orders Central Bank of Iran to pay the costs.