By Jan Dunin-Wasowicz and Nicolas Burnichon
On December 21, 2021, the Court of Justice of the European Union (the “Court”), sitting as the Grand Chamber, rendered its judgment in the Bank Melli Iran v. Telekom Deutschland case (the “Judgment”), providing for the first time guidance on the application of Regulation (EC) 2271/96 (the “EU Blocking Statute”). This article reviews the salient aspects of the Judgment and discusses its significance for sanctions compliance from a trans-Atlantic perspective.