Judgment of the General Court of 8 July 2020 –Neda Industrial Group v Council
(Case T-490/18) 1
(Common foreign and security policy – Restrictive measures taken against Iran with the aim of preventing nuclear proliferation – Freezing of funds – Retention of the applicant’s name on the lists of persons, entities and bodies subject to the freezing of funds and economic resources – Obligation to state reasons – Error of law – Error of assessment – Temporal adjustment of the effects of an annulment)
Language of the case: English
Parties
Applicant: Neda Industrial Group (Tehran, Iran) (represented by: L. Vidal, lawyer)
Defendant: Council of the European Union (represented by: V. Piessevaux and M. Bishop, acting as Agents)
Re:
Application pursuant to Article 263 TFEU for annulment, first, of Council Decision (CFSP) 2018/833 of 4 June 2018 amending Decision 2010/413/CFSP concerning restrictive measures against Iran (OJ 2018 L 140, p. 87), and of Council Implementing Regulation (EU) 2018/827 of 4 June 2018 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran (OJ 2018 L 140, p. 3), in so far as those acts concern the applicant, and, second, of the letter of 6 June 2018 from the Council to the applicant.
Operative part of the judgment
The Court:
Annuls Council Decision (CFSP) 2018/833 of 4 June 2018 amending Decision 2010/413/CFSP concerning restrictive measures against Iran, and Council Implementing Regulation (EU) 2018/827 of 4 June 2018 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, in so far as they concern Neda Industrial Group;
Orders that the effects of Decision 2018/833 be maintained as regards Neda Industrial Group until the annulment of Implementing Regulation 2018/827 takes effect;
Dismisses the action as to the remainder;
Orders the Council of the European Union to pay the costs.
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1 OJ C 399, 5.11.2018.