Iran's ambassador: UK government compensation to Bank Mellat a great achievement and legal victory
Iran's ambassador to Britain has described the UK Supreme Court ruling that the British Treasury should pay compensation to an Iranian bank, as an important legal victory for Iran.
According to an Iran Press report, Baeidinejad went on to say the Supreme Court of the United Kingdom ruled four months ago that the sanctions by the UK Treasury in 2009 against Bank Mellat were illegal.
غرامت دولت انگلیس به بانک ملت که بر اساس رأی چهار ماه پیش دادگاه می باید به آن بانک پرداخت میشد، پرداخت شده است. این غرامت بر مبنای رأی دادگاه بریتانیا و بعلت غیر قانونی بودن تحریمهایی میباشد که خزانه داری انگلیس از سال ۲۰۰۹ میلادی برای چند سال بر علیه بانک ملت اعمال کرده بود.— Hamid Baeidinejad (@baeidinejad) October 4, 2019
Meanwhile, Bank Mellat has confirmed it had received the compensation from the UK Treasury.
Britain used the third country to avoid US sanctions as it paid an Iranian bank a settlement in a £1.25 billion damages case.
نتیجه دادگاه بریتانیا و الزام خزانه داری آن کشور به پرداخت غرامت به بانک ملت یک موفقیت مهم حقوقی برای ایران محسوب میشود.— Hamid Baeidinejad (@baeidinejad) October 4, 2019
Bank Mellat, in which the Iranian government owns a 17 percent stake, had sued the UK government over the sanctions that prevented it from doing business with Britain’s financial sector.
The Supreme Court ruled that the sanctions were illegal and a five-week hearing of the bank’s claim for damages covering its loss of business had been scheduled for June.
Bank Mellat had sought £3.2 billion but this fell to £1.25 billion with interest.