During its most active years, between 1982 and 1994, the nine members of the Iran-US Claims Tribunal (at all times 3 from Iran, 3 from the US, and three “neutral” arbitrators) ruled on hundreds of disputes, sometimes involving particularly fraught points of international law, all this while applying and interpreting the UNCITRAL Rules of arbitration…

Recently the U.S. Executive Branch made headlines by agreeing with Venezuela. In particular, the Executive Branch filed an amicus curiae submission in New York federal appeals court in which it agreed with Venezuela regarding the treatment of ICSID awards in U.S. courts. According to the U.S. Executive (and Venezuela), a party seeking recognition of an…

Part I of this two-part post looked at the recent settlement at the Iran-United States Claims Tribunal (“IUSCT” or Tribunal). This Part II looks at past settlements (one significant and unique settlement in particular) and the future of the Tribunal. Past Settlements at the IUSCT The Iran-US relationship over the past few decades has undoubtedly…

Part I of this two-part post examines the recent settlement at the Iran-United States Claims Tribunal (“IUSCT” or Tribunal) and the case it likely pertains to. Part II will look at past settlements and the future of the Tribunal. The Tribunal The IUSCT was established in 1981 to address the crisis in relations between Iran…