Tags: EU | Britain | Iran | Bank

Iranian Bank Wins Ruling Against U.K. Sanctions

Wednesday, 24 Feb 2010 11:06 AM

 

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink

Bank Mellat of Iran on Wednesday won a preliminary court ruling against sanctions imposed by the British government.

The government has accused the privately owned bank of providing financial services to companies involved in Iran's nuclear and missile programs. The Treasury acted in October to forbid any U.K. financial companies from doing business with the bank.

High Court Justice John Mitting agreed with the bank's argument that it was entitled to information about allegations against it. The judge granted permission for the government to appeal the ruling.

Lawyers for the bank argued that a provision on fair hearings in the European Convention on Human Rights entitled the bank to details of the allegations against it.

The government contended that the article did not apply because the order was directed not at the bank but at other financial institutions.

Mitting ruled that the bank was effectively the target of the order, and thus the Convention applied.

Mitting noted a decision by the House of Lords last year that an alleged terror suspect whose liberty had been curtailed was entitled to information about the allegation against him.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Peter King, Press Corps Irked Over White House Boston Observance

Tuesday, 15 Apr 2014 22:16 PM

The White House press corps was unhappy that it was not allowed access to a moment of silence for Boston Marathon victim . . .

Dick Morris: US Must Keep Electoral College

Tuesday, 15 Apr 2014 14:46 PM

Democrats are plotting to rig the presidential voting system to ensure that liberals win future elections, veteran polit . . .

Rancher: If Feds Plan Raid or Lawsuits, 'We'll Take You On'

Tuesday, 15 Apr 2014 23:04 PM

Nevada rancher Cliven Bundy says he doesn't know much about possible plans by the federal government to either raid his  . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved