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Legal Action to Avoid US Seizure of CBI Assets at Deutsche Boerse

Legal Action to Avoid US Seizure of CBI Assets at Deutsche Boerse
Legal Action to Avoid US Seizure of CBI Assets at Deutsche Boerse

The Central Bank of Iran in a statement said it will resort to legal action to counter efforts to seize its assets at Deutsche Boerse’s Clearstream unit. 
The statement was in response to reports that US plaintiffs have filed a lawsuit in a New York court seeking to require Deutsche Boerse’s Clearstream unit, a foreign exchange service provider, to surrender assets that belong to Iran’s central bank. 
The complaint names the CBI and several financial institutions including Clearstream as defendants.
“The issue pertains to securities owned by the CBI held by a Clearstream unit at Luxembourg,”Amir Hossein Tayyebi Fard, the CBI deputy for legal affairs, confirmed. 

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