25.8.2014   

EN

Official Journal of the European Union

C 282/40

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Annul Council’s decision after review contained in the Notice of 15 March 2014 for the attention of the persons and entities subject to the restrictive measures provided for in Council Decision 2010/413/CFSP (1) and in Council Regulation (EU) No 267/2012 (2) concerning restrictive measures against Iran (OJ C 77, p. 1), which states that Council decision 2010/413/CFSP and Council Regulation (EU) No 267/2012 continue to affect directly the applicant;

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Annul annex IX Point I.B.8 to Council Regulation (EU) No 267/2012 as it continues to affect directly the applicant as stated in the Notice of 15 March 2014;

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Order the Council to pay, in addition to its own costs, those incurred by the applicant.

1.

First plea in law, alleging that the Council decision after review contained in the Notice of 15 March 2014 has breached the procedural requirements to give adequate reasons and to respect the rights of defence and the right to effective judicial protection.

2.

Second plea in law, alleging that the Bank is not linked to the interest of the ‘Daftar’ and does not contribute to the financing of the state’s so called strategic interests nor its nuclear program. Accordingly, the substantive criteria for designation under the challenged acts are not met in respect of the Bank and/or the Council committed a manifest error of assessment in determining whether or not those criteria were met. The Council also failed to apply the correct test.