By Maya Lester KC & Michael O’Kane

UK won’t pay sums owed to Iran because of sanctions concerns

The UK government has refused to pay £400m owed to Iran from the sale of British military vehicles in 1971, because of concerns that payment would breach EU sanctions on the Revolutionary Guard Corps (IRGC).   The International Chamber of Commerce ruled in an arbitration in May 2001 that the funds were owing, and the Dutch Supreme Court partially upheld…...

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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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