June 19, 2013
Publication:
Reuters
Britain's Supreme Court ruled against the British government’s decision to impose sanctions on Iran's Bank Mellat, saying that the sanctions were "disproportionate" and "arbitrary." This decision mirrors a decision in January by the European Union's General Court, which overturned E.U. sanctions against the bank imposed in 2010. Bank Mellat's European operations remain closed pending an appeal of the European court's decision.
