Attached is the text of the order. This order related to a blocked person applying for suspension of sanctions application until the hearing on the substance of the claim. The application for such interim measures was rejected. The basis was the absence of “urgency” which, in context of an application for suspension of sanctions, means the irreparable harm which will be sustained by the applicant if the measure is not granted and he needs to wait until the hearing on substance. The order is authority that: (i) economic losses are unlikely ever to be recognised as sufficient for interim measures (it seems that to have any chance to succeed an application shall quote some sort of personal prejudice); and (ii) the general difficulty to obtain such a relief in sanctions matters.
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SANCTIONS 360°