As a first step towards reducing the marine transport industry’s greenhouse gas emissions, on 28 June 2013 the European Commission (the “Commission”) tabled a draft Regulation to introduce a system of monitoring and publication of individual vessels’ annual CO2 emissions. This alert explains why the Commission has taken this step, exactly what it is proposing,
July 2013
Measures restricting the access of an Iranian bank to the UK financial market found to be disproportionate and unlawful
By Alexandra Allan on
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…