US Appellate Court overturns decision allowing seizure of skyscraper due to sanctions violations

A US 2nd Circuit Court of Appeals in Manhattan has overturned a District Court’s decision that allowed the US Department of Justice to seize the not-for-profit Alavi Foundation’s 60% share of a skyscraper in Manhattan due to sanctions violations. The government had sought forfeiture of the property in 2008 following alleged breaches of the International Emergency Economic Powers Act (IEEPA) …