Confirmation of Arbitration Vote for National Banks and Iranian Exports in Hague

According to Mehr News Agency, following the Legal Affairs Center International The Vice President of Legal Authority in favor of the National Bank of Iran and the Export Bank of Iran was approved by the Hague City Court of Appeal for € 5m.

According to the Public Relations Department of Legal Affairs, the Hague City Court of Appeal on April 7, the Bahraini Government's claim for the revocation of the arbitration decision issued by the National Bank of Iran and the Iranian Export Bank for € 5 million.

Subsequently Bahrain's central bank decision on April 5 to put in place Footer Bahraini Bank under the Bahraini authorities and then action to purify the bank by claiming illegal activities, including violations of sanctions, National Bank of Iran and Iran Saderat Bank as owners of two -thirds of shares Footer The bank, referring to arbitration, filed a lawsuit against the Bahraini government.

The arbitration court after the proceedings filed as follows: Footer The bank did not have enough evidence of the bank's illegal activity that was justified. Accordingly, the Court of Confiscation and Further Fuchbank He considered a disproportionate and political move and sentenced the Bahraini government in November to pay € 5 million to the national banks and export of Iran.

On the other hand, the Bahraini government sought arbitration by arbitration with the jurisdiction of the arbitration court to investigate the lawsuit, as well as claim the court's violation of public order, including violating sanctions and paying damages to Iranian banks for illegal conduct, and the court of referendum. The court proceedings lasted three years.

The Hague City Court of Appeal, like the Court of Arbitration, declared disagreement late and therefore unprofessional. About the conflict of arbitration with public order (including claiming violations of sanctions International By. Footer Bank) The court has finally denied the Bahraini government's case and has confirmed the judgment of the arbitration.

This legal achievement under the management and supervision of the Legal Affairs Center International Vice Presidential Vice President who duty to represent the government and to monitor and manage the case International It has the government and government agencies.