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14th January 2022
External Relations & Trade Human Rights Internal Market Justice & Litigation

Op-Ed: “Judgment in Bank Melli Iran: The Court of Justice, Too, is Between a Rock and a Hard Place” by Celia Challet

On 21 December 2021, the Grand Chamber of the Court of Justice handed down its judgment in Bank Melli Iran (C-124/20). In its long-awaited preliminary ruling, the Court had the opportunity to rule for the first time on the interpretation of the EU Blocking Regulation.

The factual background and importance of the case are better summarized in this Insight by Trajan Shipley and in my previous Op-Ed. It suffices here to recall that the referring court asked the Court of Justice four questions on the interpretation of Article 5(1) of the Regulation, according to which no EU legal nor natural persons shall comply with any requirement or prohibition, including requests of foreign courts, that result from laws that are listed in the Anne

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