All Global Research articles can be read in 51 languages by activating the Translate Website button below the author’s name.

To receive Global Research’s Daily Newsletter (selected articles), click here.

Click the share button above to email/forward this article to your friends and colleagues. Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles.

***

On March 30, the International Court of Justice (ICJ) delivered a partial win for Iran in a case alleging the illegal U.S. seizure of Iranian assets. The court found that the U.S. had seized certain Iranian assets in violation of a bilateral agreement signed by the two countries and ordered the U.S. to pay Iran compensation. However, the ICJ found that it did not have jurisdiction to adjudicate on the issue of Bank Markazi—Iran’s central bank and the most costly point of contention between the two parties, amounting to over $1.7 billion in assets.

Iran brought the case in 2016, alleging that U.S. courts had asserted jurisdiction over Iranian entities in violation of customary international law and the Treaty of Amity—a 1957 friendship agreement governing economic and consular relations between the two states. The U.S., for its part, had seized such assets through a mixture of executive orders, legislative measures, and court rulings and used it to compensate victims of terrorism, which it argued Iran facilitated. 

The ICJ found that the United States was in violation of the Treaty of Amity on four counts and ordered the U.S. to compensate Iran for harms experienced due to the violations. Exactly how much that compensation amounts to will be determined by the court in future proceedings. 

You can read the ICJ’s judgment in Certain Iranian Assets (Islamic Republic of Iran v. United States) here or below:

Click here to read the full document.

*

Note to readers: Please click the share button above. Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles.

Hyemin Han is an associate editor of Lawfare. Previously, she worked in eviction defense and has interned on Capitol Hill and with the U.S. Mission to the United Nations. She holds a BA from Dartmouth College, where she was editor-in-chief of The Dartmouth independent daily.