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IRAM IRAM
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6 years ago
Before the 1979 Iranian uprising, Lumax had a plant in Iran. The Iranian government allowed Lumax to send products and profits out of the country. The new government confiscated Lumax's plant. The company sued the government of Iran in a U.S. courts: the forum choice of the parties in case of any dispute. A U.S. court will likely hold:
 a. that Iran has committed an lawful act and need not compensate Lumax
  b. that Iran and the U.S. must resolve their differences in a neutral forum such as the courts of Switzerland
  c. that Lumax may sue the government of Iran under the provisions of the Foreign Sovereign Immunities Act d. that Iran must compensate Lumax according to international nationalization laws
  e. for Lumax and allow the company to attach assets held by the Iranian government in the U.S.
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boopboop
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6 years ago
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IRAM Author
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6 years ago
Helped a lot
jbag1237
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Yesterday
Thanks
einstein
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2 hours ago
Smart ... Thanks!
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