360° Coverage : NRI lawyer wins Iran bank case in British Supreme Court (With...

11 Updates
NRI lawyer wins Iran bank case in British Supreme Court (With Image)
Photo Credit: ATTA KENARE, Getty Images

NRI lawyer wins Iran bank case in British Supreme Court (With Image)

Jun 19 2013, 10:58am CDT | by

London/Mumbai, June 19 (IANS) Mumbai-born Parsi lawyer Sarosh Zaiwala Wednesday notched a remarkable success in a bank case in the British Supreme Court, with major ramifications on the international banking system, an official said.

London/Mumbai, June 19 — Mumbai-born Parsi lawyer Sarosh Zaiwala Wednesday notched a remarkable success in a bank case in the British Supreme Court, with major ramifications on the international...

Filed under: news

YouTube Videos

 
 
 

1 year ago

NRI lawyer wins Iran bank case in British Supreme Court (With Image)

Jun 19 2013, 10:58am CDT | by

London/Mumbai, June 19 (IANS) Mumbai-born Parsi lawyer Sarosh Zaiwala Wednesday notched a remarkable success in a bank case in the British Supreme Court, with major ramifications on the international banking system, an official said.

London/Mumbai, June 19 — Mumbai-born Parsi lawyer Sarosh Zaiwala Wednesday notched a remarkable success in a bank case in the British Supreme Court, with major ramifications on the international banking system, an official said.

By the court verdict, the British government's sanctions on Iran's largest private bank, Bank Mellat, were lifted after the its security service's "Secret Court" failed to produce significant evidence in the matter - which has been widely followed in the international banking circles.

Bank Mellat has succeeded in getting the British sanctions held against it as unlawful after the Supreme Court dismissed claims that its banking services facilitated Iran's nuclear programme.

"The verdict by a 9-judge bench has shown to the international community that in the UK and Europe, international sanctions are judicially reviewable and that sanctions should be substantiated by evidence," Zaiwalla told IANS on the phone from London.

The Bank Mellat, slapped with a listing under the Iran nuclear sanctions list, was represented by Indian legal eagle Zaiwalla, Senior Partner, Zaiwalla & Co., Solicitors, in Britain.

Owing to the importance of the case, Bank Mellat's appeal was heard by a nine-judge bench. The court has 12 judges.

The landmark ruling follows Bank Mellat's victory in the European Court in January, where no evidence was found connecting the bank to its government's nuclear programme.

In Oct. 2009, Her Majesty's Treasury (HMT) had invoked the Section 7 of the Counter Terrorism Act, 2008, restraining the financial sector from any dealings with Bank Mellat. This was challenged at several levels by the bank.

The ruling comes at a significant time as Iran has a newly-elected president, who commentators hope will aim to progress towards a mutually acceptable resolution of Iran's nuclear activity, according to international observers.

Zaiwalla said that the Supreme Court, during the course of hearing Bank Mellat's appeal, had reluctantly entered into "secret session" for the first time in its history - effectively barring the bank from accessing the evidence against it.

"The failure of the HM Treasury to produce compelling evidence, despite the controversial new powers, puts the spotlight back on to the Justice and Security Bill, which expanded the system of closed courts to civil cases," Zaiwalla pointed out.

He had argued against the imposition of closed courts on the ground that this contravenes the British common law principle of open justice.

The Supreme Court is now expected to order the British Government to pay Bank Mellat all of its legal costs and damages for the wrongful listing on the sanctions list.

The ruling sends a strong message to the British government that political expediency is not a sufficient legal justification for sanctions against Iranian private businesses which operate out of Iran. Ultimately, the Supreme Court has upheld the principle of Rule of Law.

Zaiwalla expected the judgment will give enormous confidence world over of the independence of the British judiciary and set an example to show that even controversial disputes can be resolved applying the principle of Rule of Law through the British courts.

After Bank Mellat failed in the English High Court and the Court of Appeal, it had replaced its earlier legal advisors with Zaiwalla & Co in 2010 - to notch victories in the European Court and then in the British Supreme Court.

The ruling has firmly established that even in cases involving national security, the UK government must abide by the rule of law, with the sum of the justifications for the sanctions considered "arbitrary", "irrational" and "discriminatory", a law firm associate noted.

(Quaid Najmi can be contacted at quid.najmi@ians.in)

IANS

Source: IANS

 
Update
11

18 hours ago

Netanyahu Faces Off With Obama on Iran

Oct 1 2014 2:46pm CDT | Source: Big Government

On Wednesday, Israeli Prime Minister Benjamin Netanyahu met with President Barack Obama at the White House, where Netanyahu lectured Obama on the need to prevent Iran from obtaining nuclear weapons. Actually, Netanyahu went further, urging Obama to stop Iran from reaching a nuclear “threshold” – a term referring to Iran achieving the capacity to reach nuclear arms status within months even if frozen at the status quo. ...
Source: Big Government   Full article at: Big Government
 

 
Update
10

19 hours ago

Doctor hung for 'heresy' in Iran

Oct 1 2014 2:00pm CDT | Source: WND

(Reuters) – A former psychologist has been executed for heresy in Iran after eight years in detention, human rights groups said, in the latest example of what activists say is a worrying rise in the use of death penalty by the Islamic Republic. Mohsen Amir Aslani was hanged in a prison near the city of Karaj west of Tehran on Sept. 24, according to the Human Rights Activists News Agency (HRANA), which is based outside Iran, for “corruption on earth and here ...
Source: WND  Full article at: WND
 

 
Update
9

2 days ago

Iran to give military grant to Lebanese army: senior official

Sep 30 2014 2:45am CDT | Source: Townhall's

Beirut (Reuters) - Iran is to give a military grant to the Lebanese Army, the director of Iran’s Supreme National Security Council ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
8

4 days ago

House Republican slams floated demands for Iran deal

Sep 27 2014 10:20pm CDT | Source: WND

(The Hill) Rep. Mark Meadows (R-N.C.) on Friday urged the Obama administration not to consider reducing its demands in negotiations to end Iran’s nuclear program. An Associated Press report cited diplomats who suggested the U.S. might allow Iran to keep nearly half of its centrifuges and reduce its stock of uranium gas. Meadows said that the U.S. shouldn’t settle for anything less than Iran discontinuing use of all of its centrifuges used for nuclear production. “I am appalled that the ...
Source: WND  Full article at: WND
 

 
Update
7

5 days ago

In 'Parts Unknown,' Anthony Bourdain is not a man on a mission

Sep 27 2014 7:16am CDT | Source: Townhall's

By Mary Milliken LOS ANGELES (Reuters) - Anthony Bourdain's television travelogue "Parts Unknown" goes to Iran to discover how people live. ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
5

5 days ago

Iran leader: Nuclear progress not significant

Sep 26 2014 6:35pm CDT | Source: Townhall's

NEW YORK (AP) — Iran's President said Friday that progress so far in nuclear talks with six major powers "has not been significant," ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
4

6 days ago

US considers new offer to Iran at nuke talks

Sep 26 2014 1:11am CDT | Source: Townhall's

UNITED NATIONS (AP) — The U.S. is considering softening present demands that Iran gut its uranium enrichment program in favor of a new proposal ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
3

6 days ago

Hundreds protest Iran president outside UN complex

Sep 25 2014 7:42pm CDT | Source: Townhall's

NEW YORK (AP) — Hundreds of people gathered Thursday in a plaza outside the United Nations to protest what they said was Iran's continued support... ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
2

6 days ago

Germany: We've never been so close to nuclear deal with Iran

Sep 25 2014 6:58pm CDT | Source: Townhall's

NEW YORK (Reuters) - Six world power have never been so close to a deal with Iran that would resolve the decade-long nuclear stan ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
1

1 week ago

Report: US Told Iran it Would Strike in Syria, Vowed Not to Hit Assad's Forces

Sep 24 2014 12:29pm CDT | Source: Big Government

According to a high-level Iranian source, the United States gave advance warning to Iran before striking ISIS and al-Qaeda-linked targets in Syria, and promised Tehran that it would not target any forces of the Syrian government, reports Reuters. The report was confirmed in part by a senior U.S. State Department official. When asked whether the American administration had given assurances to Iran that it would not strike the forces of Syrian President Bashar Assad, t ...
Source: Big Government   Full article at: Big Government
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Iran suspends sentences for participants in 'Happy' video
Tehran, Oct 2 (IANS/EFE) Iranian authorities have suspended for three years the tough sentences handed to seven Iranian youths who filmed a video dancing to Pharrell Williams' "Happy".
 
 
Stefan Lofven voted new Swedish prime minister
Stockholm, Oct 2 (IANS) Stefan Lofven, head of the Social Democratic Party, was Thursday voted by parliament to be the new Swedish prime minister.
 
 
Surfer loses arm, other hand in shark attack
Sydney Oct 2 (IANS/EFE) A 23-year-old surfer lost one of his arms and his other hand in a shark attack Thursday at a beach near Esperance in Western Australia, official sources reported.
 
 
Three killed in Libya suicide attacks
Tripoli, Oct 2 (IANS) Two suicide bombers Thursday attacked the airport in Libya's eastern city of Benghazi, killing three soldiers, according to security sources.
 
 
 

Latest from the Network

George Clooney praises his wedding singer
George Clooney asked an unknown singer to perform at his wedding. The 'Monuments Men' actor and his new wife, human rights barrister, Amal Alamuddin, decided against asking a well known pop star to sing at their...
Read more on Celebrity Balla
 
Jennifer Love Hewitt's daughter does Zumba
Jennifer Love Hewitt's 10-month-old daughter goes to Zumba classes. The 35-year-old actress takes her baby girl Autumn most places with her and the tot joins in when she participates in the dance-based exercise. Autumn...
Read more on Celebrity Balla
 
Iran suspends sentences for participants in 'Happy' video
Tehran, Oct 2 (IANS/EFE) Iranian authorities have suspended for three years the tough sentences handed to seven Iranian youths who filmed a video dancing to Pharrell Williams' "Happy". The sentence, which included...
Read more on Politics Balla
 
Inderjeet wins men's shot put bronze at Asiad
Incheon, Oct 2 (IANS) India's Inderjeet Singh took home the bronze medal from the men's shot put final at the Asian Games here Thursday. The Indian's best throw of 19.63 metres came on his fifth attempt, out of six,...
Read more on Sport Balla
 
Stefan Lofven voted new Swedish prime minister
Stockholm, Oct 2 (IANS) Stefan Lofven, head of the Social Democratic Party, was Thursday voted by parliament to be the new Swedish prime minister. Lofven got 132 "yes" votes in the 349-seat Parliament, with 49 "no"...
Read more on Politics Balla
 
Indians finish 4th, 5th in men's 10 km final
Incheon, Oct 2 (IANS) Indian runners Rahul Kumar Pal and Suresh Kumar set their personal best times to finish a creditable fourth and fifth in the men's 10,000 metres final at the Asian Games here Thursday. Bahrain's...
Read more on Sport Balla
 
Surfer loses arm, other hand in shark attack
Sydney Oct 2 (IANS/EFE) A 23-year-old surfer lost one of his arms and his other hand in a shark attack Thursday at a beach near Esperance in Western Australia, official sources reported. The youth was attacked in the...
Read more on Politics Balla
 
Indian boxers Vikas, Satish settle for bronze medals (Third Lead)
Incheon, Oct 2 (IANS) India's campaign in Asian Games boxing ended Thursday with Vikas Krishan and Satish Kumar settling for the bronze medals after losing their respective semi-final bouts to Kazakhstan pugilists at...
Read more on Sport Balla
 
Arpinder, Renjith finish 5th, 9th in triple jump
Incheon, Oct 2 (IANS) Indian athletes Arpinder Singh and Renjith Maheshwary failed to secure any medal from the men's triple jump final, finishing fifth and ninth respectively, at the 17th Asian Games here Thursday....
Read more on Sport Balla
 
India's Inderjeet wins men's shot put bronze
Incheon, Oct 2 (IANS) India's Inderjeet Singh clinched the bronze in the men's shot put final at the Asian Games here Thursday. Saudi Arabia's Sultan Abdulmajeed Alhebshi won the gold with a best throw of 19.99 metres...
Read more on Sport Balla