The EU has renewed its targeted sanctions relating to Egypt for 1 year, until 22 March 2017. The sanctions impose asset freezes on 19 people said to be subject to “judicial proceedings” by the Egyptian authorities for being involved in the “misappropriation of state funds” (including former President Mubarak). See blog on the related Ezz judgment here.
The renewing measures are Decision (CFSP) 2016/411 amending Decision 2011/172/CFSP. The EU’s notice to the listed people (here) informs them that they may ask the Council before 15 December 2016 to request that their inclusion on the sanctions list be reconsidered, and may seek licenses to use frozen funds.
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 >