The Court of Appeal dismissed Bank Mellat's application to set aside the Financial Restrictions (Iran) Order 2009 (SI 2009/2725) (the Order). The bank had contended that the Order was procedurally and substantively unlawful on the basis that the HM Treasury did not give the bank an opportunity to make representations before making the Order directing that all persons operating in the UK financial sector (relevant persons) must not enter into or continue to participate in any transactions or business relationship with Bank Mellat and Islamic Republic of Iran Shipping Lines.

The Court of Appeal concluded that the Order was procedurally and substantively lawful.