Sorinet Commercial Trust Bankers Ltd v European Council

European Union – Legal basis for regulation. The General Court of the European Union granted the application by Sorinet Commercial Trust Bankers Ltd (Sorinet) for annulment of: (i) Council Decision 2012/829/CFSP, amending Council Decision 2010/413/CFSP (concerning restrictive measures against Iran), in so far as it had listed Sorinet in Annex II to Decision 2010/413; and (ii) Council Decision 2013/270/CFSP, in so far as it had maintained Sorinet's listing in Annex II to Decision 2010/413 and Implementing Regulation (EU) No 522/2013, in so far as it had maintained Sorinet's listing in Annex IX to Implementing Regulation (EU) 267/2012.

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