World Court rules U.S. was wrong to freeze Iranian assets

  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

In a partial victory for Iran, judges at the International Court of Justice ruled that Washington had illegally allowed courts to freeze assets of Iranian companies and ordered the US to pay compensation, the sum of which will be determined later

However, in a blow for Tehran, the World Court said it did not have jurisdiction over $1.75 billion in frozen assets from Iran's central bank, by far the largest amount claimed back by Iran.

The case before the ICJ, also known as the World Court, was initially brought by Tehran against Washington in 2016 for allegedly breaching a 1955 friendship treaty by allowing U.S. courts to freeze assets of Iranian companies. The money was to be given in compensation to victims of terrorist attacks.

Washington finally withdrew from the treaty in 2018. Nonetheless the ICJ ruled that as it was in place at the time of the freezing of the assets of Iranian commercial companies and entities, Washington violated the treaty.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So surprising as usual Reuters defending dictatorships. Why are you so misogynistic Reuters, you never defended Iranian women. Visibly you are a pure chauvinistic men media

Interesting! Iranians really you have known your selves, other country you have wake up for what some deployed nation done for you!

America's current debt is $31 trillion ... will the compensation add few more trillions? LoL.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What an International Court of Justice climate ruling could doThe move is at once 'momentous' and relatively limited, experts tell Axios.
Source: axios - 🏆 302. / 63 Read more »

McConnell urges lawmakers to keep Iraq war powers in wake of strikes by Iranian-backed militiasSenate Minority Leader Mitch McConnell on Tuesday called on lawmakers to oppose the Senate repeal of the presidential authorization for use of military force in Iraq, warning that the move would further embolden Iran. Repeal all presidential powers not specified in the constitution . No giving congressional powers to other branches Maybe, just maybe, we can bring our boys and girls home. Let the people who live there settle their own disputes. What a novel idea. Stop being the world's policeman. What in Syria is so important that Americans are being killed? What’s in it for him ?
Source: WashTimes - 🏆 235. / 63 Read more »

Man hit, killed by coach bus at Boston Logan International Airport identifiedMassachusetts State Police have identified the man struck, killed by a coach bus at Boston Logan International Airport Monday evening as 47-year-old Vishwachand Kolla.
Source: FoxNews - 🏆 9. / 87 Read more »

International stocks outperform, decouple from U.S. equities by ‘unusual degree’International stocks are broadly outperforming this quarter, decoupling from the U.S. to an unusual extent, according to DataTrek Research.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stony Brook School students to grow plants at the International Space StationThe director of Stony Brook School's S.T.E.M. Education program helps students launch space experiment with NASA.
Source: ABC7NY - 🏆 592. / 51 Read more »

Who Has the Most International Goals in FIFA History?Lionel Messi surpassed the 100-goal mark with Argentina. Here's a look at the top international goalscorers in FIFA history.
Source: nbcbayarea - 🏆 596. / 51 Read more »