By Maya Lester KC & Michael O’Kane

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

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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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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