The Iran-United States Claims Tribunal was established in 1981 under the Algiers Accords, which also ended the hostage crisis at the American embassy in Teheran. The Tribunal exists to resolve claims by American nationals (primarily foreign investors) against the government of Iran, as well as claims by Iranian nationals against the U.S. government that arose out of the 1979 Islamic revolution. The Tribunal also resolves certain types of inter-governmental claims between the two countries.
The Tribunal consists of nine arbitrators and sits in The Hague. To date, almost all of the private claims against the two governments have been resolved, while a few inter-governmental claims remain outstanding. Many of the decisions issued by the Tribunal are considered landmarks in the field of investor-state arbitration.
The Georgetown Law Library provides access to decisions and awards issued by the Iran-U.S. Claims Tribunal in print and online.
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