18 Jul 2024
Tuesday 3 December 2013 - 09:06
Story Code : 68744

IRISL entitled to sue EU over losses: Lawyer

IRISL entitled to sue EU over losses: Lawyer
The Islamic Republic of Iran Shipping Lines (IRISL) is entitled to sue the EU for damages over its illegal sanctions as the blocs respite to appeal against an earlier European court ruling has expired.
Following the ruling by the European Court of Justice and the expiration of the legal respite and [the blocs] failure to appeal against the issued legal order, fortunately the grounds were prepared for the ruling to become finalized, MANA quoted IRISL Director of Legal Affairs Seyyed Alaeddin Sadat as saying on Monday.
Therefore, the IRISL is now entitled to file a separate complaint to claim compensation for the losses arising from the imposition of illegal sanctions and the company will make a decision in line with its interests, he added.
Sadat noted that based on the European court ruling, the EU must pay for the expenses incurred by legal proceeding.

The remarks come after an official of the European Union said on Tuesday the EU is maintaining sanctions against all but two Iranian firms that won challenges to the bloc's sanctions regime in EU courts.

In September, the European Court of Justice ruled that the EU sanctions against the IRISL have to be lifted.

Based on the verdict, the European governments had two months to appeal, and the sanctions could remain in place until a potential appeals process was exhausted.

In 2011, the EU targeted over 30 IRISL holding companies as part of Western-led sanctions imposed against the Islamic Republic over the false claim that the Iranian nuclear energy program had non-civilian aspects.

Following the sanctions, several IRISL vessels were temporarily seized in foreign ports.

By Press TV


The Iran Project is not responsible for the content of quoted articles.
Your Name
Your Email Address