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Iran Threatens Lawsuit in Hague Court over U.S. Ruling on $2 Billion

(New York Times) Rick Gladstone - Iran said on Monday that it would seek to sue the U.S. at the International Court of Justice at The Hague to prevent the distribution of nearly $2 billion in impounded assets from Iran's central bank to compensate American victims of overseas attacks. The U.S. Supreme Court last week validated the distribution of the impounded assets. Lawyers said it was unclear whether ICJ jurisdiction would be accepted in such a case. The U.S. withdrew its general acceptance of the court's jurisdiction after losing a case to Nicaragua in 1986 over American intervention in that country. Iran almost certainly would not let the ruling sabotage the far broader nuclear deal, which unfroze billions of dollars of Iranian money and eased a range of economic sanctions. "The ruling will further chill Iran-U.S. relations, but Tehran still wins a ton from the deal and isn't about to split," said Cliff Kupchan, chairman of the Eurasia Group, a Washington-based political risk consulting firm.
2016-04-26 00:00:00
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