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U.S. rejects Iran’s legal claim to recover $1.75 billion in frozen assets

ITN News Editor
By ITN News Editor October 9, 2018 12:55

U.S. rejects Iran’s legal claim to recover $1.75 billion in frozen assets

The United States asked judges at the International Court of Justice to throw out a claim by Iran to recover $1.75 billion in national bank assets seized by U.S. courts. The U.S. Supreme Court ruled in 2016 that the assets must be turned over to American families of victims of the 1983 bombing of a U.S. Marine Corps barracks in Beirut, among others. The hearings at the tribunal were separate from Iran’s claim relating to current U.S. sanctions against Teheran. Iran’s claim in both cases is based on a 1955 Amity Treaty, which was signed 24 years before Iran’s Islamic Revolution that turned the two countries into arch enemies.

ITN News Editor
By ITN News Editor October 9, 2018 12:55

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