The Supreme Court has published its judgment on whether Treasury properly used its powers under the Counter Terrorism Act 2008 (CTA) in making a direction requiring all persons operating in the UK financial sector not to enter into or continue to participate in any transaction or business relationship with, among others, Bank Mellat or its branches. Subsequently, EU measures having a similar effect came into force, so Treasury did not renew the direction when it expired. Bank Mellat applied, successfully, for annulment of the EU measures, although this decision is under appeal to the EU Court of Justice. Pending the outcome of this appeal, there are no measures in force against the bank. The bank claimed Treasury had not followed correct procedure when making the direction as it had not given the bank the opportunity to make representations. It also claimed the decision was irrational, disproportionate and discriminatory, that Treasury did not give adequate reasons for making it and that its reasons were vitiated by irrelevant considerations or mistakes of fact. The Supreme Court concluded the direction should be set aside and the Order quashed, on both grounds. (Source: Supreme Court Publishes Mellat Ruling)