2 more Iranian bank listings annulled – Sorinet and Zanjani

ON 3 July 2014 the General Court of the EU (7th chamber) handed down 2 other judgments annulling listings on EU restrictive measures concerning Iran; Case T-157/13 Sorinet Commercial Trust Bankers Ltd v Council and Case 155/13 Babak Zanjani v Council. The banks were listed in 2012 for the following reasons: ‘Sorinet Commercial Trust (SCT) is assisting designated entities to violate the provisions of...