The Iranian ship seized in Gibraltar on the basis of suspected breaches of EU sanctions could be sold or forfeited by order of the Gibraltar Supreme Court. Partner Anna Bradshaw says that the tanker Grace 1 and its cargo could be detained for lengthy periods under current laws enacted by Gibraltar, but the vessel and its contents could also be forfeited or put up for sale. “Forfeiture could be ordered if the Gibraltar Supreme Court is satisfied that the presence of the vessel or its cargo in the region is a breach of E.U. sanctions and forfeiture is either in the interests of justice, international peace and security.” Read more