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Gulf States Newsletter - Issue 166 - 13/Jul/1981

THE UNITED STATES Supreme Court has upheld the right of ex-President Carter to transfer Iranian assets in exchange for the release of 52 American hostages last January. The unanimous ruling clears the way for the transfer of $3,000m-$4,000m of Iranian assets before the July 19 deadline agreed between the US and Iran at the time of the hostage release. What the court has ruled is that former President Carter did have the right to prevent several hundred American companies from pursuing Claims against Iran in United State's courts so that Iran's assets could be returned.

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