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A UNCITRAL tribunal administered at the Permanent Court of Arbitration has awarded €200 million damages plus costs to two Iranian banks for the…
Jim W. Dean - Welcome to the ruthless underside of the Arab world, where for their elites they are attracted to major business thefts as a form of sport.
The private award was not published by the tribunal but has been disclosed by the Iranian banks which sought its arbitration.
Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay $240 million damages in addition to the litigation costs of two Iranian state-owned banks over the unlawful expropria...
Bahrain has been ordered to pay over 200 million euros in damages plus costs to two Iranian banks for the unlawful expropriation of their banking venture in Manama in an act of "political retribution".