Extract
Iran-United States Claims Tribunal - interpretation of general principle A and paragraph 9 of the General Declaration - implicit obligation to compensate - right to export - res judicata.
ISLAMIC REPUBLIC OF IRAN V. UNITED STATES. Case Nos. A3, A8, A9, A14, and B61. Partial Award. At http://www.iusct.com. Iran-United States Claims Tribunal (Full Tribunal), July 17, 2009.
On July 17, 2009, the Iran-U.S. Claims Tribunal issued a partial award in consolidated Case Nos. A3, A8, A9, A14, and B61 (Case No. B61). (1) Case No. B61 concerns claims brought by the Islamic Republic of Iran against the United States for compensation for losses of up to U.S.$2.2 billion that Iran alleged it suffered as a result of the United States' refusal on March 26, 1981, to license the export of Iranian properties that were subject to U.S. jurisdiction when the Algiers Declarations (sometimes referred to as the Algiers Accords; include the General Declaration (2) and the Claims Settlement Agreement) (3) entered into force. Case No. B61 involves the interpretation of General Principle A (4) and Paragraph 9 (5) of the General Declaration, provisions that had been at issue in the related factual context of Case No. A15 (II:A). (6) In the latter case, the Tribunal held that the United States had an i...See the full content of this document
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