Investing in the Exchange and Over-the-Counter (OTC) markets of Iran, is not merely confined to Iranian nationals. As the matter of fact, “Foreigners” whether individuals or legal entities may also enter such markets in accordance with the applicable relevant laws and regulations inter alia “The By-Law on the Foreign Investment in the Exchanges and OTC Markets” approved by the Council of Ministers on April 18th, 2010 (hereinafter “the By-Law”).
The Instrument in Support of Trade Exchanges (INSTEX) is a European special-purpose vehicle (SPV) established in January 2019. Its mission is to facilitate non-USD transactions and non-SWIFT to avoid breaking U.S. sanctions. It was particularly established in order facilitate trade exchange with Iran following recent US sanctions and to encourage Iran to remain committed to its commitments under JCPOA. It was introduced on January 31 by France, Germany and Britain, the three countries party to the 2015 nuclear deal.
In recent decades, while the globalization theory tends to potentially enlarge the universal jurisdictions to assist the facilitation of the cross-border interactions among different countries and nations, the question remains why some major international organizations such as WTO have put several restrictions in practice for membership of developing countries such as Iran.
If you have been following the news lately, you have most probably noticed the buzz around Iran accession to UN Convention against Transnational Organized Crime, also known as Palermo Convention which is the main international instrument in the fight against transnational organized crimes, trafficking of human beings, and terrorism.
Arbitration is an established institution in Iran. Iran has already accessed to the “New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards” on October 15, 2001 and arbitral awards (both international and domestic) are regularly being enforced by the Iranian Judicial System. However, like all legal systems, there might be situations where the courts can set aside or annul an arbitral award.
According to the World Health Organization (WHO), “Mental health is defined as a state of well-being in which every individual realizes his or her own potential, can cope with the normal stresses of life, can work productively and fruitfully and is able to make a contribution to her or his community.”
Code share agreement is a provision where two or more airlines are allowed to share the same flight in which a seat can be bought by passenger on a flight which is functioned by another airline subject to different flight number. In general, the majority of airlines have one or further Code share agreements with other airlines. There is no doubt that Code share has a crucial role in international sphere as it certainly aims to meet the customers’ needs which advantages for both costumers and airliners are undeniable as it enables airline to enlarge its cooperation with other airlines and suggest the various flight timings for customers without bearing any further expenses.
It seems that we should finally come to realize that by misusing the environment and violating the nature’s circle, we are the ones paying the price at the end.
In It’s May 12, 2019 session the Parliament of Iran passed a bill which allows the children born to Iranian mothers to request Iranian nationality.
The International Center for the Settlement of Investment Disputes (ICSID) was established by its Founding Convention in the year 1966.