First Islamic Investment Bank loses annulment application despite breach of defence rights

First Islamic Investment Bank has lost its application to the EU General Court to annul its listing in the EU’s anti-nuclear proliferation sanctions against Iran, in Case T-161/13 First Islamic Investment Bank Ltd v Council [2015]. FIIB has been listed since 2012, for assisting designated entities to violate sanctions, providing financial support to the government of Iran, being used to...