Warnings And Guideposts From EU Sanctions Blocking Case

Bizar Male
Law360 (June 4, 2021, 5:43 PM EDT) — International companies and their lawyers have long struggled to satisfy competing imperatives contained in U.S. and EU legislation across myriad regulatory regimes.[1]

It would be understandable if they have not yet directed much attention to Bank Melli Iran v. Telekom Deutschland,[2] a case now winding its way through the Court of Justice of the European Union, or CJEU.

The case involves a small nominal amount of money and the EU’s sanctions blocking statute — a heretofore mostly overlooked piece of legislation concerning international secondary sanctions.[3] However, an advocate general’s opinion in the case, issued on May 12, highlights serious new risks…

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