ICJ defining $2 billion asset of Iran

Tehran, Oct 13, IRNA - The International Court of Justice once again voted in favor of Iran after the country's victory in a recent lawsuit against the US concerning the treaty of amity signed between Tehran and Washington in 1955; the court ruled that a sum of $2 billion belonging to Central Bank of Iran (CBI) to be unfreezed.

A few days after the International Court of Justice voiced its verdict on Iran's interim request for breach of the US-violation of Mutual Treaty of Amity, the court was set up to investigate the second Iranian lawsuit, which had been filed prior to a renewed sanctions complaint.

The Hague-based International Court of Justice after a few weeks of reviewing Iran's complaint about the August US sanctions, endorsed some of Iran's requests for a final vote to suspend anti-Iran sanctions on pharmaceutical, medical, and aviation sectors on October 3.

On June 15, 2016, the Islamic Republic of Iran filed a lawsuit at the International Court of Justice (ICJ) on the dispute regarding the violations by the United States government of the treaty of amity, economic relations and consular rights between Iran and the United States, signed on August 15, 1955, by both parties and has been binding on June 16, 1957.

Iran's lawsuit states, 'The United States has adopted a number of legislative and administrative measures that have an impact on the interests and assets of Iran and Iranian institutions, Including the Central Bank of Iran, with the view that Iran is a supporter of terrorism (a position strongly rebutted by Iran) and contrary to the treaty of friendship and through the implementation of judicial proceedings against Iran.'

After reviewing and issuing on Iran's interim verdict case regarding the resumption of US sanctions and violations of the 1955 Amity Treaty, the International Court of Justice at The Hague held a four-day public hearing on seizure of $ 2 billion of Iran's property by the United States, and the violation of the treaty of friendship at the Hague Peace Palace in the Netherlands.

American lawyers also said the seizure of the property of the Iranian Central Bank in the United States for what 'claimed compensation for damages of the US soldiers who were killed in Lebanon' as justifiable.

Iranian lawyers filed a lawsuit against Washington over violation of the treaty of amity through unlawful seizure of $2 billion of Central Bank of Iran's assets.

The lawmakers blasted the US for evading accountability in a bid to accuse Iran of supporting terrorism.

The verdict is definitive, binding, and non-appealable. The United States announced that it would abandon the treaty of friendship, after issuing the verdict

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