German court rules in favor of Iranian bank

December 1, 2018

TEHRAN – A court in Germany has ordered Deutsche Telekom, a partly state-owned telecom provider, to reactivate phone and internet service for the Hamburg branch of Bank Melli Iran, Press TV reported on Friday, citing Der Spiegel.

The German telecoms company abruptly cut off phone and internet services for Bank Melli Iran and two other Iranian banks earlier this month over doubts with regard to the U.S. sanctions on Iranian financial institutions.

The Hamburg district court ordered Deutsche Telekom to reactivate the services for Bank Melli, arguing that the justification was not sufficient for a termination without notice, especially as the bank has so far fulfilled its obligations and has sufficient resources.  
 
MH/PA

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