Action brought on 26 December 2012 - Central Bank of Iran v Council

(Case T-563/12)

Language of the case: English

Parties

Applicant: Central Bank of Iran (Tehran, Iran) (represented by: M. Lester, Barrister)

Defendant: Council of the European Union

Form of order sought

The applicant claims that the Court should:

Annul Council Decision 2012/635/CFSP of 15 October 2012² and Council Implementing Regulation (EU) No 945/2012 of 15 October 2012, in so far as those measure apply to the applicant;

Order the defendant to pay the applicant's costs.

Pleas in law and main arguments

In support of the action, the applicant relies on four pleas in law.

First plea in law, alleging that none of the legal criteria for listing the applicant is fulfilled, the Council erred manifestly in considering that any of the criteria for listing was fulfilled, and there is no valid legal basis for its designation.

Second plea in law, alleging that the Council has failed to give adequate or sufficient reasons for including the applicant in the contested measures.

Third plea in law, alleging that the Council has failed to safeguard the applicant's rights of defence and to effective judicial review.

Fourth plea in law, alleging that the Council's decision to designate the applicant has infringed, without justification or proportion, the applicant's fundamental rights, including its right to protection of its property, business, and reputation.

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¹ - 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)

² - 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)