Sentences with phrase «iranian banks»

Securing Bank Mellat as a client, soon followed by other Iranian banks such as Bank Tejarat, has opened up a new practice area in a previously untapped market, which many City firms are now trying to emulate.

There were good reasons for not involving all other Iranian banks, and the facts showed that the choice was not arbitrary.

Advising Oberbank AG on the first export financing framework agreement concluded by a European credit institution with Iranian banks since the easing of sanctions at the beginning of 2016.

Obtained summary judgments for these two UK subsidiaries of Iranian banks in disputes concerning monies owed to them under financial agreements.

The Treasury tried again, by orders made in 2011 and 2012 addressed at all Iranian banks, not just Bank Mellat.

A later post proposes to discuss the Melli Bank judgment of 20 February 2013 (T - 492 / 10 Melli Bank v. Council), which addressed the separate issue of automatic listing of subsidiaries of Iranian banks on the EU sanctions list.

On 26 July 2010, the Council of the European Union («the Council») imposed sanctions on a number of Iranian banks, listing them in Annex II of Council Decision 2010 / 413 / CFSP.

At this stage, it is important to note that the EU runs two different sanctions regimes: autonomous EU sanctions (e.g. against the Iranian banks and PMOI) and sanctions implementing UN lists of terrorist suspects issued by the UN Sanctions Committee (e.g. against Al - Quaeda affiliates and other terrorist outfits).

In a series of recent judgments, the Fourth Chamber of the General Court of the European Union («the General Court») annulled the designation of some of the largest privately held commercial Iranian banks on the EU's sanctions list.

Eli was thinking about the recent sanctions imposed by the US on Iranian banks.

In early 2012, SWIFT announced that under pressure from the European Union, it had decided to discontinue communications services to Iranian banks and financial institutions that are subject to European sanctions.

In Decision 2010/413, the Council stated that «Bank Mellat is a state - owned Iranian bank [that] engages in a pattern of conduct which supports and facilitates Iran's nuclear and ballistic missile programmes.

An Iranian bank succeeded in an argument that the British Government had behaved irrationally towards in the application of sanctions against involvement in potential nuclear - related activities.

Bank Mellat v HM Treasury [2013] UKSC 38 and 39 Public law, national security: powers under the Counter Terrorism Act 2008 to impose economic sanctions on an Iranian Bank.

Not exact matches

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, adding that re-introducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

An Iranian newspaper says the country's Central Bank has officially banned the use of cryptocurrencies in financial transactions in order to «prevent crimes such as money laundering and terrorism.»

-- Arthur Schopenhauer L'affaire Standard Chartered Bank (i.e., Iranian money laundering) takes center stage...

The British bank was accused by the New York State Department of hiding $ 250 billion worth of transactions with the Iranian government for nearly 10 years.

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, noting that reintroducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

The Iranian Information and Communications Technology (ICT) minister recently revealed that a bank in the country has been developing a cryptocurrency.

Informal dealers replaced normal banking channels to process flows of money into and out of Iran, providing currency to ordinary Iranians and turning Dubai into a center for handling trade and investment for Iran.

The central bank also warned the Iranian citizens about the high risks of making investment in the volatile market of the digital currencies saying they «may lose their financial assets.»

Those who work through the Central Bank, especially importers of Iranian oil, risk violating U.S. sanctions.

The new Iranian cryptocurrency was jointly developed by the Central Bank of Iran, the state - run Post Bank, and Iran's Information and Communications Technology (ICT) ministry, according to reports.

The Central Bank of Iran's governor, in his first public comments on Bitcoin, has urged Iranian investors to exercise caution in trading the popular cryptocurrency.

That's how the World Bank's chief economist for the Middle East and North Africa, Shantayanan Devarajan, characterized the boost to the Iranian economy from the lifting of sanctions in the wake of the nuclear deal struck with the permanent members of the UN Security Council.

In a February 21 tweet, Iranian ICT Minister Mohammad - Javad Azari Jahromi announced that the Post Bank of Iran has been working on a cryptocurrency that will be brought before the nation's «banking system» for review and possible testing.

The Russian Agency for Export Credit and Investment Insurance (EXIAR) and the Central Bank of Iran (CBI) agree on the main conditions of bank - to - bank cooperation to facilitate ECA - backed financing of Russian - Iranian joint projects and boost their realization in various secBank of Iran (CBI) agree on the main conditions of bank - to - bank cooperation to facilitate ECA - backed financing of Russian - Iranian joint projects and boost their realization in various secbank - to - bank cooperation to facilitate ECA - backed financing of Russian - Iranian joint projects and boost their realization in various secbank cooperation to facilitate ECA - backed financing of Russian - Iranian joint projects and boost their realization in various sectors

By 2008 US and UN sanctions on bank transfers were forcing Iranian companies to route their deals through Dubai.

The failure of an all - in American effort to force a settlement probably will make a swift end to the Fayyad government and give the upper hand to Hamas in the West Bank, with increased Iranian support.

Here I plot the Iranian real GDP (source: World bank):

I'm not addressing true cyber-terrorism here — the kind where the Chinese hackers get into US banks and journalists» emails or Iranian hackers try to mess with US govt sites.

That money belonged to the Iranians and came from assets in American Banks that we froze to express our displeasure.

First, in the Bank Saderat case, the General Court established that the Council had acted on a mistaken factual premise by asserting that the bank was 94 % held by the Iranian state, when in fact the state was only a minority shareholBank Saderat case, the General Court established that the Council had acted on a mistaken factual premise by asserting that the bank was 94 % held by the Iranian state, when in fact the state was only a minority shareholbank was 94 % held by the Iranian state, when in fact the state was only a minority shareholder.

Sarosh Zaiwalla, senior partner at Zaiwalla & Co, who is acting for the bank, says it will be the first time an Iranian plaintiff against sanctions in Europe has reached the stage of claiming damages, and that Western governments are starting to ease sanctions against Iran following an interim deal reached in Geneva in November.

As for Bank Saderat, the Council got a little bit more specific and held that «[it]... is an Iranian state - owned bank (94 % - owned by IRN government)[and] has provided financial services for entities procuring on behalf of Iran's nuclear and ballistic missile programmes, including -LSB-...] Iran Electronics [and] Mesbah Energy Company.&raBank Saderat, the Council got a little bit more specific and held that «[it]... is an Iranian state - owned bank (94 % - owned by IRN government)[and] has provided financial services for entities procuring on behalf of Iran's nuclear and ballistic missile programmes, including -LSB-...] Iran Electronics [and] Mesbah Energy Company.&rabank (94 % - owned by IRN government)[and] has provided financial services for entities procuring on behalf of Iran's nuclear and ballistic missile programmes, including -LSB-...] Iran Electronics [and] Mesbah Energy Company.»

He said Bank Mellat was one of about eight to 10 private Iranian firms bringing law suits in Europe.

Second, the General Court held in both cases that the fact that the Iranian state holds shares in the banks did not imply, in itself, that they were facilitating nuclear proliferation.

The incorrect statement in the Council Decision concerning the extent of the Iranian State's holding in Bank Saderat indicated that no such checking took place.

Bank Mellat, the Iranian private bank which had its sanctions lifted by the Supreme Court last year, is to file a claim for more than # 500m next moBank Mellat, the Iranian private bank which had its sanctions lifted by the Supreme Court last year, is to file a claim for more than # 500m next mobank which had its sanctions lifted by the Supreme Court last year, is to file a claim for more than # 500m next month.

«Lawsuit of the Day: Man With Throat Cancer Tackled as Suspected Bank Robber Main Iranian «Blogfather» Sentenced to 19 1/2 Years in Prison»

The Lawyer describes Emily as instructed in weighty disputes, citing her recent defence of Barclays against a $ 240m indemnity claim by UniCredit, the major Italian bank, in respect of a sophisticated structured finance deal between the two banks and that she acted for the UAE's Crescent Petroleum in knocking out an attempt by the National Iranian Oil Company to challenge an arbitration award against it.

The Bank Mellat Iranian sanctions litigation, which has been through both the UK Supreme Court and the European...

He represented Bank Saderat Iran, Persia International Bank Plc and National Iranian Tanker Company in their successful challenges to EU sanctions.

Representing a number of major Iranian and Iranian - owned commercial companies (including National Iranian Tanker Company, Bank Saderat Iran and Persia International Bank Plc) and related individuals challenging asset freezing measures in the UK and EU courts.

The Court of Appeal has given judgment in favour of the Iranian commercial bank Bank Mellat in the most recent instalment in this long - running challengbank Bank Mellat in the most recent instalment in this long - running challengBank Mellat in the most recent instalment in this long - running challenge...

Bank Mellat v HM Treasury [2014] A.C. 700 — represented the Appellant major Iranian commercial bank in its domestic and A1P1 challenge to the Financial Restrictions (Iran) Order 2009, which imposed sanctions uponBank Mellat v HM Treasury [2014] A.C. 700 — represented the Appellant major Iranian commercial bank in its domestic and A1P1 challenge to the Financial Restrictions (Iran) Order 2009, which imposed sanctions uponbank in its domestic and A1P1 challenge to the Financial Restrictions (Iran) Order 2009, which imposed sanctions upon it.

Yet CoinDesk reported the Swedish firm Brave New World Investments recently incorporated without a bank to use bitcoin for Iranian investment opportunities, including stocks.

On Tuesday, Iranian lawmakers passed a new set of banking laws, securing low interest rates and forgiving widespread loan penalties, as they prepare official cryptocurrency policies to bolster the struggling economy.

Iranian media sources report that the central bank says it does not recognize bitcoin as a currency.