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Deleted user

Lawyer

posted 3 years ago

Hello, dear colleges. I have an Iranian client owning an export business who is planning to export goods to Oman through a middleman and in order to avoid any possible issues, asked him to provide a valid assurance. The middleman offered a certified cheque issued from an Omani bank. Now my client wonders if the Omani cheque would be a reliable type of assurance in Iran and holds any legal value in Iranian courts or not? If not what would you suggest as an alternative? Many Thanks.

Country

Iran

Fields:

Commercial and Business Law
Banking and Financial
Insurance

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Deleted user

Lawyer

posted 3 years ago

Hello Ms Ghaemi, for your first question I should say no, Omani cheque would not be a reliable type of assurance in Iran and does not have any legal value in Iran courts. Although based on what I have checked your client can take bank garantee from Melli or Saderat bank branches in Muscat.

Deleted user

Lawyer

posted 3 years ago

Thank you, dear Ali. very helpful.

Deleted user

Lawyer

posted 3 years ago

Thank you, dear S.Venkateswar Patnaik.

Deleted user

Lawyer

posted 3 years ago

Thank you, dear Hamid

Deleted user

Lawyer

posted 3 years ago

Dear Atie My firm has an affiliate in Muscat. We can be of support in case you agree to work with each other. To my knowledge, it is crucial to ask for a bank guarantee rather than a cheque. Also, drafting and signing a contract benefiting from an arbitration clause for dispute settlement in a country where the bank has a branch will be a good idea.

Deleted user

Lawyer

posted 3 years ago

Hello, Receiving a Letter of Credit from the third party's Banker is good option interns of payment in international trade.Also clarify with the Banker because they will be in regular business with several international business payments in Iran with Oman. Thanking you. With kind regards, S.Venkateswar Patnaik, High Court Advocate, Bhubaneswar, Odisha state, India PayPal- yes

Deleted user

Lawyer

posted 3 years ago

Hi Atieh, I think you should seek an Omani lawyer to assist you in this particular case. As the validity of Omani cheques is more an Omani case rather than Iranian one.