C F SHARP SHIPPING AGENCIES PTE LTD V COUNCIL OF THE EUROPEAN UNION

[2012] EUECJ T-53/12, Court of Justice of the European Union, 26 October 2012

European Union law - Restrictive measures taken against Iran with the aim of preventing nuclear proliferation- Freezing of funds - Actions for annulment - Obligation to state the reasons on which the decision is based - Annex VIII to Council Regulation (EU) No 961/2010 of 25 October 2010 on restrictive measures against Iran and repealing Council Regulation (EC) No 423/2007 (OJ 2010 L 281, p 1)

The applicant's name was entered on the list in Annex VIII to Council Regulation (EU) No 961/2010 of 25 October 2010 on restrictive measures against Iran, a measure adopted in order to apply pressure on the Islamic Republic of Iran to end proliferation-sensitive nuclear activities and the development of nuclear weapon delivery systems. The applicant was said to be a front company of and owned or controlled by Islamic Republic of Iran Shipping Lines, IRISL. The applicant sought the annulment of the measures insofar as concerned its inclusion in the list, on the ground essentially that the Council had given insufficient reasons for their inclusion on the list.