Although billions of dollars in Iran’s assets that had been blocked in South Korean banks under the US sanctions for years have finally been unfrozen, the Iranian government has decided to continue with legal proceedings to force Seoul to compensate for losses.
EghtesadOnline: South Korea is finalizing talks with the United States about using some of Iran's money frozen in Seoul under US sanctions to pay Tehran's UN dues in arrears, a South Korean Foreign Ministry official said Wednesday.
EghtesadOnline: 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 American courts.
EghtesadOnline: The International Court of Justice (ICJ), the principal judicial organ of the United Nations, will hold public hearings in the case concerning Certain Iranian Assets (Islamic Republic of Iran v. United States of America), from October 8 to 12 at the Peace Palace in The Hague, the seat of the court, according to a statement on ICJ's website.