EU Court says NIOC subsidiary’s listing is justified

The General Court of the EU has dismissed an annulment application brought by Naftiran Intertrade Co. (NICO) Sàrl, a Swiss subsidiary of NICO. A link to the judgment is here: Case T-371/14 Naftiran Intertrade Co. (NICO) Sàrl v Council [2015]. The Court found that the reasons for the applicant’s listing were clear, namely being part of the NICO group of...