By Maya Lester KC & Michael O’Kane

UK High Court allows IOEC a remedy in fraud although party to a contract to circumvent Iran sanctions

The UK Commercial Court has given judgment in IOEC v Dean Investments and Ors [2019] EWHC 472 (Comm).  The Court found the defendants liable to IOEC (Iranian Offshore Engineering Company) in fraud, breach of fiduciary duty, and other torts in relation to a US$87 payment for an oil rig. The defendants argued that IOEC should not be granted any relief…...

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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