In particular, OFAC determined that on 4 July 2015, DMRI had violated the Regulations by having “[dealt] in the property or interests in property of the National Iranian Tanker Company (NITC), an entity identified by OFAC as meeting the definition of the Government of Iran and whose property and interests in property [were] blocked”. Specifically, DMRI had executed a binding Memorandum of Understanding with NITC, which OFAC determined to have been a contingent contract and, therefore, property in which NITC, a blocked person, had had an interest.
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 >