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Iranian Bank Tejarat Loses Appeal Over Asset Freeze

Law360, London (November 29, 2018, 8:07 PM GMT) -- Iranian Bank Tejarat lost its appeal on Thursday to have a lower European court’s decision over an asset freeze linked to Iran’s nuclear ambitions set aside, after the Court of Justice found that the authorities had acted appropriately and had not flouted the bank’s rights.

The EU’s highest court has rejected Bank Tejarat’s bid to overturn a General Court ruling from March 14, 2017, dismissing the bank’s application for the annulment or amendment of various sanctions decisions made by the Council of the European Union between 2012 and 2015.

Tejarat had claimed that its reinstatement on the EU’s sanctions list in...

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