Iran Press/Europe: Philip Plath, a lawyer from WZR attorney at law, who is aware of some of these complaints, said: "The example of the National Bank of Hamburg shows that companies that clearly stopped cooperating with Iran just for US sanctions could be sued."
Germany's Chamber of Commerce senior member, Michael Toucus, said that: "German-Iranian Chamber of Commerce is aware of the legal facilities available in Germany and is associated with many Iranian companies," Iran Press reported citing Deutsche Welle
Many of them were contracted to German manufacturers and insurers who stopped working with Iran due to concerns over US sanctions." While legal litigation costs a lot, there were some people in Germany who are familiar with the laws and can consult Iranian companies," he added.
After the unilateral withdrawal of the nuclear deal with Iran, the United States reimposed sanctions against the Islamic Republic. Trade relations between Iran and Germany have declined since the resumption of US sanctions, and the volume of trade between the two countries has fallen by 50% in the first half of 2019 to 654 million euros.
Previously, complaints from Iranian banks in Hamburg have been terminated in favor of Iranian parties.
According to the court ruling, Telekom, the German telecommunications company, must connect the telephone and Internet lines of the three Iranian banks in Hamburg (the National Bank, Sepah Bank, and the European-Iranian Trade Bank). 101/211/218
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