shutterstock 1517818958 - Iranian in Corporate and Business Law

Iranian Bank Sanctions Settlement with The EU

Previous cases are not always outdated and its chain of reasoning and arguments can be applied towards the common law and relevant recent cases. Zaiwalla & Co represented Iran’s Bank Mellat in its 2015 trial.  Bank Mellat is 80% privately owned 20% governmental. The law firm successfully won the vote of the UK Supreme Court and won another favor in the European Court of Justice. This case of the Iranian bank ...

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Incoterms 2020 Key and Updated Points

Key Points Incoterms (International Commercial Terms) are a list of terms in the world of international trade law defined by the International Chamber of Commerce (ICC).  Incoterms has been the cornerstone of global commercial trade. Each term functions under a specific framework and is bound upon a precise meaning for the sale and transport of goods from any given point A to a point B. Such terms are used between businesses ...

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Sanctions: What It Really Means

The term sanctions have been heard by many across the globe especially in news these days, yet what does it really mean and how are they imposed? As defined in Oxford Bibliographies, Sanctions are “deliberate, government-inspired withdrawal or threat of withdrawal of customary trade or financial relations.” Economically related sanctions include different forms of financial transaction restrictions, tariffs, and trade barriers. The imposition of economic sanctions has various political, diplomatic, and ...

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