The arbitration award in favor of Iran's national and export banks was confirmed by the Hague Court

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-Monday 2025/04/28 - 12:45
News Code:17176
 رای داوری به‌نفع بانک‌های ملی و صادرات ایران در دادگاه لاهه تایید شد

The Center for International Legal Affairs of the Legal Deputy of the Presidency approves the arbitration award in favor of Melli and Saderi banks 

The International Legal Affairs Center of the Presidential Legal Deputy announced the confirmation of the arbitration award in favor of the National Bank and the Export Bank of Iran in the amount of 214 million euros by the Court of Appeals of the City of The Hague.

Following the issuance of the arbitration award, the Government of Bahrain filed a suit for annulment of the arbitral award with the Hague Court of Appeals as the competent court of arbitration as the competent court of arbitration following the issuance of the arbitration award, objecting to the jurisdiction of the arbitral tribunal to hear the dispute and also claiming that the court's decision was contrary to public order, including for violating the embargo and also for paying damages to Iranian banks for illegal conduct. The trial lasted three years.

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