World Court Rules US Illegally Froze Some Iranian Assets
In a partial victory for Iran, judges at the International Court of Justice on Thursday ruled that Washington had illegally allowed courts to freeze assets of some Iranian companies and ordered the United States to pay compensation, the amount of which will be determined later. However, in a blow for Tehran, the World Court said it did not have jurisdiction over $1.75 billion in frozen assets from Iran’s central bank. Acting Legal Adviser Rich Visek of the U.S. State Department said in a written statement that the ruling rejected the “vast majority of Iran’s case,” notably where it concerned the …