Bank Mellat has its sanctions listing annulled by the European Court

Last month the General Court of the European Union quashed Sina Bank’s designation on the EU Iranian sanctions list. Now Bank Mellat’s listing has been quashed too, in Case T-496/10 Bank Mellat v Council. It is significant that two Iranian banks have now been delisted by the Court. The Court’s judgment is also important for the following reasons. First, the...