Judgment of the General Court of 25 March 2015 — Central Bank of Iran v Council
(Case T-563/12) 1
(Common foreign and security policy — Restrictive measures taken against Iran with the aim of preventing nuclear proliferation — Freezing of funds — Obligation to state reasons — Rights of defence — Right to effective judicial protection — Error of assessment — Right to property — Right to reputation — Proportionality)
Language of the case: English
Parties
Applicant: Central Bank of Iran (Tehran (Iran)) (represented by: M. Lester, Barrister)
Defendant: Council of the European Union (represented by: M. Bishop and V. Piessevaux, acting as Agents)
Re:
APPLICATION for annulment, first, of Council Decision 2012/635/CFSP of 15 October 2012 amending Decision 2010/413/CFSP concerning restrictive measures against Iran (OJ 2012 L 282, p. 58), in so far as it maintained, after review, the listing of the applicant’s name in Annex II to Council Decision 2010/413/CFSP of 26 July 2010 concerning restrictive measures against Iran and repealing Common Position 2007/140/CFSP (OJ 2010 L 195, p. 39), and, secondly, of Council Implementing Regulation (EU) No 945/2012 of 15 October 2012 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran (OJ 2012 L 282, p. 16), in so far as it maintained, after review, the listing of the applicant’s name in Annex IX to Council Regulation (EU) No 267/2012 of 23 March 2012 concerning restrictive measures against Iran and repealing Regulation (EU) No 961/2010 (OJ 2012 L 88, p. 1).
Operative part of the judgment
The Court:
Dismisses the action;
Orders Central Bank of Iran to pay the costs.
________________________1 OJ C 55, 23.2.2013.