Italian Court of Cassation judgment on “economic resources” in Iran sanctions regulations

The Italian Court of Cassation has overturned a €35,000 fine imposed on Italian company Safilo for attempting to export €68,397 worth of eyewear to Iran in 2014 via an intermediary that was subject to EU sanctions under Council Regulation (EU) 267/2012. See Order no. 21267 (5 October 2020). The Court held that the regulations do not provide for a general …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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