Extension of Syrians named as parties in sanctions by EU
Council Regulation (EU) No. 950/2011 on 24th September adds further names (six entities and two individuals) to the Syrian designated persons list and a prohibition on investment in the crude oil sector. The entities are Addounia TV, Cham Holding, El-Tel Co, Ramak Constructions Co, Souruh Company and Syriatel. The individuals are Tayseer Qala Awwad and Dr Adnan Hassan Mahmoud. Full details are set out in the Regulation, which is attached.
Council Regulation (EU) 950/2011 23rd September 2011 (547 KB)
You may also be interested in:
QCR Spring 2019: Carriage of goods by road –Goods lost in transit between Finland and United Kingdom – Which Court has jurisdiction?
ZURICH INSURANCE PLC AND ANOTHER V ABNORMAL LOAD SERVICES (INTERNATIONAL) LTD  1 Lloyd's Rep. 54 – 11 July 2018 - COURT OF JUSTICE OF THE EUROPEAN UNION
QCR Autumn 2018: EU law – Contract for multimodal carriage of goods between two member states - interpretation of Article 5(1)(b) of Regulation (EC) 44/2001 Brussels I – Jurisdiction of courts for the place of performance of the obligation – Place of pro
Zurich Insurance Plc And Another V Abnormal Load Services (International) Ltd - Case C-88/17, Court of Justice of the European Union, 11 July 2018
Given the global announcement of "Implementation Day" - that there will be a lifting of sanctions on Iran, the Club and IG are examining closely what this actually means in reality for Iran's oil, gas, shipping, petrochemicals, insurance and financial sectors, and importantly for those owners/operators wishing to engage business with Iran.
QCR Winter 2018: Claim for unjust enrichment - At what point in time was the bank enriched in respect of payment made by a borrower who was subject to a sanctions regime - Limitation Act 1980
Sixteenth Ocean GMBH & Co KG (“16th Ocean”), a subsidiary of the Islamic Republic of Iran Shipping Lines (IRISL), entered into a shipbuilding contract with Hyundai Heavy Industries Co Ltd (Hyundai) for the construction of a container carrier by Hyundai and its purchase by the IRISL subsidiary. 16th Ocean entered into a loan agreement with three lenders, including Societe Generale (SocGen), to finance the construction and the purchase of the vessel.