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

4 hours ago

Saudi Activist: Why I Removed the Veil

Oct 30 2014 10:44am CDT | Source: Big Government

This article originally appeared in The Daily Beast: No piece of cloth throughout history has sparked more controversy as the veil. Many Muslim women are forced to wear it daily. The hijab has a spectrum, of course, from its most radical embodiments, the niqab, which covers the entire face, to loose fitting headscarves. Saudi Arabia comes come second only to Iran in using the power of the stick (the Committe ...
Source: Big Government   Full article at: Big Government
 

 
Update
10

6 hours ago

Iran says foils bid to sabotage nuclear heavy-water tanks: newspaper

Oct 30 2014 8:21am CDT | Source: Townhall's

ANKARA (Reuters) - Iran has foiled an attempt to sabotage tanks used for transporting heavy water, which is needed to run ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
9

10 hours ago

Washington Must Not Ignore Iran's Threat against Camp Liberty

Oct 30 2014 4:10am CDT | Source: Big Government

The Iranian regime has been conspicuously furthering its agendas in Iraq while a U.S.-led coalition is fast busy countering the mounting threat of the Islamic State, an extremist group that has occupied large swaths of Iraq and Syria in past months. Included among Tehran’s strategic goals in Iraq are the empowerment of its proxy Shiite militia forces and the further suppression of Iranian dissidents residing in Camp Liberty. Unless Wa ...
Source: Big Government   Full article at: Big Government
 

 
Update
8

2 days ago

Iran amputating limbs, burning political opponents

Oct 28 2014 11:39am CDT | Source: WND

(WASHINGTON FREE BEACON) Iran executed a record-shattering 411 citizens in the first half of 2014 and a total of 852 people in the last 15 months, including at least eight juveniles, according to a new United Nations report that will be introduced to the organization’s General Assembly Tuesday. In addition to a surge in state-sanctioned killings that a U.N. official referred to as “shocking,” Iran continues to torture imprisoned individuals using tec ...
Source: WND  Full article at: WND
 

 
Update
7

6 days ago

Iran official: Obama 'weakest' of U.S. presidents

Oct 24 2014 7:56am CDT | Source: WND

(WASHINGTON FREE BEACON) The Iranian president’s senior advisor has called President Barack Obama “the weakest of U.S. presidents” and described the U.S. leader’s tenure in office as “humiliating,” according to a translation of the highly candid comments provided to the Free Beacon. The comments by Ali Younesi, senior advisor to Iranian President Hassan Rouhani, come as Iran continues to buck U.S. attempts to wo ...
Source: WND  Full article at: WND
 

 
Update
5

1 week ago

China, Iran defense officials pledge closer ties

Oct 23 2014 4:15am CDT | Source: Townhall's

BEIJING (AP) — China's defense minister met Thursday with Iran's navy commander in the latest sign of warming ties b ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
4

1 week ago

Why are embassy bombers running Iraqi government?

Oct 21 2014 6:10pm CDT | Source: WND

Why are embassy bombers running Iraqi government? In an scandalous revelation, it turns out that, in Iraq, the just-appointed Cabinet positions, the prime minister, foreign minister and vice president, who was the former prime minister, are members of an Iran-based terrorist organization responsible for the 1983 bombing of the U.S. Embassy in Kuwait. The terrorist organization is called Dawa. And it gets worse! The just-appointed minister of the interior is from another – ...
Source: WND  Full article at: WND
 

 
Update
3

1 week ago

ISIS Still Threatens Yazidis On Mount Sinjar

Oct 21 2014 5:48pm CDT | Source: Politics - The Huffington Post

It was the imminent threat of a massacre on Iraq's Sinjar mountain that first drew U.S. airstrikes against the Islamic State militant group in August. That threat never went away. On Monday, Islamic State militants returned to attack Sinjar, prompting members of the Yazidi minority living in the area to find refuge up the mountain yet again. Many had never left their homes, even though ISIS fighters continued to surround the mountain. Swedish journalist Khazar Fatemi headed to Sinjar in ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
2

1 week ago

Iran president pledges to back Iraq amid attacks

Oct 21 2014 1:45pm CDT | Source: Townhall's

TEHRAN, Iran (AP) — Shiite powerhouse Iran has pledged enduring support for the Shiite-led government of Iraq in its bat ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
1

2 weeks ago

Obama's Kobani Crossroads

Oct 14 2014 9:38am CDT | Source: Big Government

Obama has consistently disregarded the advice of his military experts on the ISIS threat. And he seems to have written off the Kurdish-Syrian town of Kobani, which may soon be overrun by ISIS. Whatever the U.S. accomplished after about a decade of war in Iraq has, in a matter of months, deteriorated to a situation that may become unprecedented in its instability and threat to Western interests. Obama’s clumsy departure from Iraq, his mil ...
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

US urges restraint from more provocations in Jerusalem
Washington, Oct 31 (IANS) The US Thursday voiced concern about escalating tensions across Jerusalem, urging all sides to refrain from "provocative actions".
 
 
Burkina Faso president declares state of emergency
Ouagadougou, Oct 31 (IANS) Burkina Faso's President Blaise Compaore Thursday declared a state of emergency after violent protests against his attempt to extend his 27-year-rule.
 
 
11 held for digging women's graves for 'ghost marriages'
Beijing, Oct 30 (IANS/EFE) Chinese police have arrested 11 people for allegedly digging up dead women's bodies from their graves to sell them for rituals known as "ghost marriages", Hong Kong's South China Morning Post newspaper reported Thursday.
 
 
Argentina's Congress passes energy-overhaul bill
Buenos Aires, Oct 30 (IANS/EFE) Argentina's lower house of Congress, controlled by President Cristina Fernandez's allies, gave final approval Thursday for a new Hydrocarbons Law that was harshly criticised by opposition lawmakers.
 
 
 

Latest from the Network

11 held for digging women's graves for 'ghost marriages'
Beijing, Oct 30 (IANS/EFE) Chinese police have arrested 11 people for allegedly digging up dead women's bodies from their graves to sell them for rituals known as "ghost marriages", Hong Kong's South China Morning Post...
Read more on Politics Balla
 
Argentina's Congress passes energy-overhaul bill
Buenos Aires, Oct 30 (IANS/EFE) Argentina's lower house of Congress, controlled by President Cristina Fernandez's allies, gave final approval Thursday for a new Hydrocarbons Law that was harshly criticised by...
Read more on Politics Balla
 
UN chief seeks help against female genital mutilation
Nairobi, Oct 30 (IANS/EFE) UN Secretary General Ban Ki-Moon called on the media Thursday to speak out and help put an end "within this generation" to Female Genital Mutilation (FGM), a practice suffered by 130 million...
Read more on Celebrity Balla
 
Over 9,000 kg marijuana seized in Tanzania
Arusha (Tanzania), Oct 30 (IANS) Tanzanian police Thursday said they have seized 9,102 kg of marijuana in an ongoing crackdown operation in northern part of the country. The seizure follows an operation carried out in...
Read more on Politics Balla
 
China's aid to fight Ebola arrives in Ghana
Accra, Oct 30 (IANS) Chinese medical supplies and equipment to aid Ghana's fight against the outbreak of the deadly Ebola Viral Disease arrived at the Kotoka International Airport in Accra late Wednesday night. The...
Read more on Business Balla
 
US 'deeply concerned' about Burkina Faso situation
Washington, Oct 30 (IANS) The US is "deeply concerned" about the deteriorating situation in Burkina Faso resulting from efforts to amend the constitution, the White House said Thursday. "We believe democratic...
Read more on Politics Balla
 
Israeli PM calls for halt to incitement
Jerusalem, Oct 30 (IANS) The world must end its silence and condemn "Palestinian incitement" that fuels violence in Jerusalem, Israeli Prime Minister Benjamin Netanyahu said Thursday, hours after a Palestinian gunman...
Read more on Politics Balla
 
Mozambique's ruling party wins general elections
Maputo, Oct 30 (IANS) Mozambique's electoral authorities Thursday announced Filipe Nyusi, the candidate of the ruling Frelimo party, as elected the fourth president in general elections since the country gained...
Read more on Politics Balla
 
EU lifts decade-long economic sanctions on Zimbabwe
Harare, Oct 30 (IANS) The European Union (EU) has lifted its decade-long economic sanctions on Zimbabwe in a move that will see the trading bloc extending 234 million Euros (about 300 million dollars) to support...
Read more on Politics Balla
 
Chris Hemsworth wants to raise kids in Australia
Chris Hemsworth wants to raise his children in Australia. The 'Avengers' actor is keen to return to his home country with wife Elsa Pataky and their kids India, two, and twins Tristan and Sasha, seven months, after...
Read more on Celebrity Balla