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Image header Agence Europe
Europe Daily Bulletin No. 9521
Contents Publication in full By article 34 / 37
GENERAL NEWS / (eu) eu/court of justice

Anti-terrorist provisions ban transfer of real estate to individuals linked to Al-Qaida

Luxembourg, 11/10/2007 (Agence Europe) - In a ruling made on 11 October, the European Court of Justice confirmed that a sale of immovable property cannot be executed if Community law has frozen the buyer's economic resources, even if relevant legislation had not been introduced until after the signing of the contract.

This decision in case C-117/06 is contained in the conclusions made by Advocate General Paolo Mengozzi last May (EUROPE 9426). In December 2004, the Berlin notary, Karl Alich,...

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