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

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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