News ID: 281346
Published: 0518 GMT March 03, 2021

IUSCT votes against US in $37m case

IUSCT votes against US in $37m case

Iran–United States Claims Tribunal (IUSCT) based in The Hague voted on Wednesday against the United States in a 37-million-dollar case brought by Iran.

Iran brought the case to the IUSCT arguing that Washington, in violation of Algiers Accords of 1981, did prevent or delay transmission of part of Iran’s assets under rules set by the US Treasury Department on February 26, 1981, IRNA reported.

The IUSCT, therefore, accepted Iran’s argument, ordering the United States government to transfer Iran’s assets or compensate any damages, as said by Iran’s Center for International Legal Affairs of the Presidency.

According to the center, Iran sued the US in 1982 and the initial vote was issued by the tribunal in 1992; however, the preliminary procedure took years to finish in 2011, before the IUSCT considered the case in 2014.

After several hearing sessions, the IUSCT issued its final vote against the United States in 2019, accepting Iran’s claims about its assets or damages resulting from US non-compliance with the accords.

The Center for International Legal Affairs of the Presidency also said that the tribunal ordered the US to pay about 29 million dollars, as well as to transfer some assets like musical instruments belonging to Islamic Republic of Iran Broadcasting or 8 million dollars if it fails to do so; bringing the total amount to 37 million dollars.

Moreover, some other claims by Iran against the United States were deferred to the next stages to prevent possible contradiction with other cases.

The Iran–United States Claims Tribunal (IUSCT) is an international arbitral tribunal that resolves claims between the nationals and governments of the Islamic Republic of Iran and the United States of America. It was established on 19 January 1981 by the Algiers Declarations.

The current case in this tribunal is different from other cases brought by Iran against the United States in International Court of Justice in 2016 and 2018.

Resource: IRNA
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