The National Iranian Tanker Company (NITC), an Iranian company that operates one of the world’s largest fleets of double-hulled tankers for the transport of oil and gas, has just had its designation on European sanctions measures annulled by the General Court of the European Union. The 7th chamber, extended composition handed down its judgment on 3 July 2014 in Case T-565/12 National Iranian Tanker Company v Council.
NITC was listed in 2012 on the following grounds: “effectively controlled by the Iranian Government. Provides financial support to the Government of Iran through its shareholders which maintain ties with the Government”. The Court held that the Council had committed a “manifest error” in its assessment that NITC should be listed, because the Council had no evidence to support those allegations.
The following aspects of the judgment are worth noting in particular:
Maya Lester acted (with Derrick Wyatt QC also of Brick Court Chambers) for NITC.
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...See profile for Maya Lester QC >