Title: Court Upholds European Commission's Decision on Iran

The General Court of the European Union confirmed that "the European Commission was correct when it allowed Clearstream Banking, a subsidiary of the German stock exchange, to comply with U.S. sanctions on Iran and halt payments to a holding company controlled by Iran." The court added that "the plaintiff company, (IFIC Holding), is a German company that the Iranian state indirectly owns shares in, and the company itself holds stakes in several German companies."