print gohome
jpost
 
Court filing: Iranian bank sues UK govt for $4b. over sanctions
By REUTERS
17/02/2014
 
LONDON - Iran's largest private bank is suing the British government for almost $4 billion in damages after the Supreme Court quashed sanctions imposed against it over alleged links to Tehran's nuclear program.

Bank Mellat wants compensation for the "significant pecuniary loss" it sustained as a result of the sanctions, according to a claim filed in London's High Court and seen by Reuters on Monday.

Britain's Supreme Court ruled last June that the government was wrong to have imposed sanctions in 2009, arguing that the government had been "irrational" to single out Bank Mellat.
print gohome
print
All rights reserved © 1995 - 2012 The Jerusalem Post.