Measures Restricting The Access Of An Iranian Bank To The UK Financial Market Found To Be Disproportionate And Unlawful
In Bank Mellat v HM Treasury [2013] UKSC 39, the Appellant (an Iranian bank with UK subsidiaries) appealed against a decision upholding measures taken by the Treasury to restrict its access to the UK financial market.
The Treasury had directed, under the Counter-Terrorism Act 2008, that all persons operating in the UK financial sector were prohibited from having any commercial dealings with the Appellant or its UK subsidiaries. This was because the Appellant had been identified as having assisted Iran's nuclear weapons programme.
The Appellant argued that the order was irrational and disproportionate, and that the...
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