CJEU - T 176/12 / Judgment

Bank Tejarat 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
22/01/2015
ECLI (European case law identifier)
ECLI:EU:T:2015:43
  • CJEU - T 176/12 / Judgment

    Key facts of the case:

    (Common foreign and security policy — Restrictive measures against Iran with the aim of preventing nuclear proliferation — Freezing of funds — Error of assessment)

    Results (sanctions) and key consequences of the case:

    The General Court (First Chamber) hereby:

    1. Annuls, in so far as they concern Bank Tejarat :
    • Point 2 of Table I.B in Annex I to Council Decision 2012/35/CFSP of 23 January 2012, amending Decision 2010/413/CFSP on restrictive measures against Iran;
    • Point 2 of Table I.B in Annex I to Council Implementing Regulation (EU) No 54/2012 of 23 January 2012, implementing Regulation (EU) No 961/2010 on the adoption of restrictive measures against Iran;
    • Point 105 of Table I.B in Annex IX to Council Regulation (EU) No 267/2012 of 23 March 2012 on the adoption of restrictive measures against Iran and repealing Regulation (EU) No 961/2010;
    • Point 5 of Annex II to Council Implementing Regulation (EU) No 709/2012 of 2 August 2012, implementing Regulation No 267/2012.
    1. Dismisses the remainder of the action.
    2. The effects of Council Decision 2010/413/CFSP of 26 July 2010 on restrictive measures against Iran and repealing the common position 2007/140/CFSP, as amended by Decision 2012/35, are maintained as regards Bank Tejarat until the annulment of Regulation No 267/2012 and Implementing Regulation No 709/2012 takes effect.
    3. Orders the Council of the European Union to pay the costs.
  • Paragraphs referring to EU Charter

     

    37. The effectiveness of the judicial review guaranteed by Article 47 of the Charter of Fundamental Rights of the European Union requires in particular that the Courts of the European Union ensure that the measure at issue, which affects the person or entity concerned individually, is taken on a sufficiently solid factual basis. That entails a verification of the facts alleged in the summary of reasons underpinning that measure, with the consequence that judicial review cannot be restricted to an assessment of the cogency in the abstract of the reasons relied on, but must concern whether those reasons, or, at the very least, one of those reasons, deemed sufficient in itself to support that decision, is substantiated (see, to that effect, judgment in Council v Fulmen and Mahmoudian, paragraph 35 above, EU:C:2013:775, paragraph 64 and case-law cited).