The International Court of Justice rejected Iran’s petition against the United States

The International Court of Justice requested Iran to restore the frozen assets of the Iranian Central Bank on behalf of the United States.

The United Nations’ top court in The Hague has rejected a legal request by US authorities to restore nearly $2 billion in assets of Iran’s central bank that were frozen.

The United States froze assets to pay compensation to victims of the 1983 Lebanon bombing and other Iran-linked attacks by Tehran.

In a 10-5 majority decision, the International Court of Justice said it did not have jurisdiction to rule on an Iranian claim linked to the central bank.

In a 67-page ruling, the International Court of Justice concluded that the United States had violated Iran and certain other measures to seize Iranian assets, subject to payment of compensation, the amount of which will be determined at a later stage. .

A friendship treaty was signed between the two countries in 1955, and Iran filed a case at the International Court of Justice calling the US decision to freeze the assets of Iranian companies a violation of the treaty.

The largest part of the trial focused on Bank Makazi, and its frozen assets, including $1.75 billion in bonds plus accrued interest, which are held in a Citibank account in New York. The court held that it did not have jurisdiction based on the 1955 treaty.

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