Court upholds asset freeze on Iranian bank in UK

By AP, JPOST.COM STAFF
July 9, 2009 13:59

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The European Union's second highest court on Thursday upheld a 2008 EU decision to freeze the assets of an Iranian-owned bank based in the UK. The EU Court of First Instance said preserving international peace and security warranted measures to make it impossible for Melli Bank PLC to do business, as its owner - the Iranian government - is seen to engage in nuclear proliferation in violation of international law. It dismissed Melli Bank's request to void the freeze. The bank had argued the measure was neither proportional nor legal. It can appeal the ruling to the European Court of Justice.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 14, 2018
Magnitude 6.1 quake hits Russia's Kamchatka - USGS

By REUTERS