By Maya Lester KC & Michael O’Kane

EU Court approves Clearstream’s compliance with US extra-territorial sanctions

Yesterday the General Court of the EU confirmed the Commission’s decisions authorising Clearstream Banking AG to comply with US sanctions imposed on Iran (press release; Case T?8/21; all EU Judgments on this site). In April 2020, the Commission implemented a Decision (renewed yearly) authorising Clearstream Banking, the only securities depository bank authorised in Germany, to comply with US extra-territorial sanctions …

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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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