UK revokes Financial Restrictions (Iran) Order 2012 to avoid duplication

February 5th, 2013 | Maya Lester QC

On 31 January 2013, the UK revoked the Financial Restrictions (Iran) Order 2012. The 2012 Order, made pursuant to Schedule 7 of the UK Counter-Terrorism Act 2008, prohibited transactions and business relationships between UK credit and financial institutions and Iranian banks. Following the enactment of Council Regulation (EU) 1263/2012 (21 December 2012), EU Regulations prohibited transactions and business relationships between...

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Iran United Kingdom European Union

European Union, Iran, United Kingdom, United Kingdom Sanctions

About Maya Lester QC

Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

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UK revokes Financial Restrictions (Iran) Order 2012 to avoid duplication

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About Maya Lester QC

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UK revokes Financial Restrictions (Iran) Order 2012 to avoid duplication

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