By Maya Lester KC & Michael O’Kane

Bank Mellat settles UK sanctions damages claim

The UK government has settled a claim brought by Iran’s Bank Mellat for £1.25bn in damages arising from the UK’s imposition of nuclear-related sanctions in 2009, which were declared unlawful by the UK Supreme Court in 2013 (see post). The bank’s claim was initially for $4bn (£3.2bn) (later reduced to $1.6bn (£1.27bn) plus interest). A 5-week trial had been due…...

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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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