88539
ICJ to Hear Iran’s Lawsuit Against US Over Frozen Assets
ICJ to Hear Iran’s Lawsuit Against US Over Frozen Assets
Sunday, June 24, 2018

ICJ to Hear Iran’s Lawsuit Against US Over Frozen Assets

Sunday, June 24, 2018

ICJ to Hear Iran’s Lawsuit Against US Over Frozen Assets

The UN's top court will in October hear a case brought by Iran against the United States seeking to recover billions in frozen assets, which US courts say should go to American victims of terror attacks.
The International Court of Justice said in a statement on Friday it will "hold public hearings in the case concerning Certain Iranian Assets (Islamic Republic of Iran vs. United States of America), from Monday 8 to Friday 12 October 2018" in The Hague, Netherlands.
The hearings "will be devoted to preliminary objections raised by the United States," the statement added, after which judges will decide whether or not they can rule in the dispute, AFP reported. 
The case was lodged by Tehran in June 2016 accusing the US of breaking a decades-old bilateral treaty, dating from before the 1979 Islamic Revolution, by seizing Iranian financial assets and those of Iranian companies.
US courts have "awarded total damages of over $56 billion ... against Iran in respect of its alleged involvement in various terrorist acts mainly outside the US," Iran said.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/HVqCYw
06/24/2018
  1. https://goo.gl/YYtMSj
  • https://goo.gl/c6BEPN
  • https://goo.gl/xfz7bK
  • https://goo.gl/pYYFF9
  • https://goo.gl/ahwtBd

You can also read ...

Currency, Gold at New High in Tehran Market
The foreign exchange market heated up again on Monday to post...
Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes
The government’s Economic Council last week approved a...
Iranian Ministry of Industries, Mining and Trade has released...
Iran: Summer Sees Highest Inflation on Record
The consumer price index increased from 116.2 to 134.6 or...
Iranian Private Carmaker Increases Prices 55%
Iran’s largest private automaker Modiran Vehicle Manufacturing...
Tehran Stocks Rally, Incline Toward Export Sector
Tehran Stock Exchange set a fresh record high on Monday as...
Iran Steel Exports Rise  27% to Over 4m Tons: ISPA (Mar-Aug, 2018)
A total of 4.13 million tons of finished and semi-finished...
Iranian Banks Lend $16.8 Billion in 5 Months
Banks and credit institutions allocated 2.4 quadrillion rials...

Add new comment

Trending

Googleplus